Who is eligible to apply for this scheme?

The scheme is open to Handloom and Handicraft artisans who are residents of Dadra and Nagar Haveli & Daman and Diu, are above 18 years of age, and are interested in developing their business by purchasing machinery or raw materials. Applicants must also demonstrate their craft skills and products to a designated committee.

What kind of financial assistance is provided?

The scheme offers two types of capital subsidies: a Machinery Investment Subsidy (50% of investment, up to ₹2,00,000) and a Working Capital Loan Subsidy (50% of loan taken, up to ₹2,00,000). The total maximum subsidy across both categories can be up to ₹4,00,000 per artisan.

Are there any additional benefits for specific groups?

Yes, an additional 10% subsidy is provided to artisans belonging to Scheduled Castes, Scheduled Tribes, Women, and Differently Abled individuals (those with 30% or more disability).

What is the application process?

The application process is online. First, you need to register on the official website (swp.dddgov.in/registration), verify your email and mobile number. After successful registration, log in using your credentials, navigate to the 'Departments & Services' section, and apply for the 'Investment Promotion Scheme: 2022 to 2027' by filling out the Common Application Form and uploading mandatory documents.

Is co-financing required for this scheme?

Yes, as the scheme provides a 50% subsidy on investments made or loans taken, applicants are implicitly required to co-finance the remaining 50% of the cost, either through their own funds or by securing a loan.

What is the deadline for applications?

The scheme is currently operative and accepting applications until May 19, 2027. It is advisable to apply well in advance of the deadline.

Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials – Up to ₹4 Lakhs

The scheme "Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials" operates as a sub-scheme under the broader "Investment Promotion Scheme (IPS)" for Handicraft Artisans. Initially launched on July 3, 2015, for five years, it has been further extended from May 20, 2022, and will remain operative until May 19, 2027. It is administered by the Department of Industries, U.T. Administration of Dadra & Nagar Haveli and Daman & Diu.

The primary objective of the overarching Investment Promotion Scheme (IPS) is to provide crucial incentives and assistance to the MSME Sector, fostering its growth and resilience against market fluctuations to ensure vibrancy and success. This initiative aims to establish the Union Territory as a specialized hub for the MSME sector, significantly increase women's participation in business, reduce local unemployment, and incentivize industries to employ resident laborers. Specifically, this sub-scheme focuses on supporting Handloom and Handicrafts artisans within the U.T. by offering capital subsidies for investments in machinery and providing assistance for working capital needs, such as the purchase of raw materials, essential for the development and expansion of their businesses. This targeted support helps preserve traditional crafts while enabling artisans to modernize and scale their operations.

This scheme provides a capital subsidy to eligible handloom and handicraft artisans. Applicants can receive a subsidy of 50% of the investment made in machinery, with a maximum subsidy amount of ₹2,00,000. Additionally, a working capital loan subsidy is available, covering 50% of the loan taken for working capital (e.g., raw material purchases), also capped at a maximum of ₹2,00,000. This means an artisan could potentially receive up to ₹4,00,000 in total subsidies across both categories. An additional 10% subsidy is granted to artisans from Scheduled Castes, Scheduled Tribes, Women, and Differently Abled individuals (with 30% or more disability), further boosting their financial support. The program facilitates access to government funding and offers a vital financial lifeline for small-scale traditional businesses to thrive.

Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials

Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials

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