What is the primary objective of the Investment Promotion Scheme (IPS)?

The broader IPS scheme aims to provide a fillip to specialized Thrust Sectors like Medical Equipment, Medical Diagnostics, and AYUSH Products Manufacturing Units, maximizing women's participation, reducing unemployment, and incentivizing local labor. This sub-scheme specifically targets medical and AYUSH manufacturing.

What is the maximum Capital Investment Subsidy?

A maximum of ₹50,00,000/- (Rupees Fifty Lakhs) per unit will be reimbursed, representing 20% of the Gross Fixed Capital Investment made.

What is the maximum Credit Linked Interest Subsidy?

A maximum of ₹50,00,000/- (Rupees Fifty Lakhs) per annum is provided for five years or for the period of repayment of the loan, whichever is earlier, at a rate of 60% per annum.

Where must the unit be located to be eligible?

The manufacturing or service unit must be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu.

What is the application deadline and operative period?

Enterprises must apply online within one year from the date of the first disbursement of the loan or on or before the date of commencement of commercial production. The scheme itself is operative till May 19, 2027.

Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme For Medical Equipment And Accessories, Medical Diagnostics And Ayush Products Manufacturing Units – Up to ₹50 Lakhs

The "Scheme For Medical Equipment And Accessories, Medical Diagnostics And Ayush Products Manufacturing Units" is a targeted sub-scheme under the broader "Investment Promotion Scheme (IPS)" for Thrust Sectors. It was initially launched on July 3, 2015, by the Department of Industries, U.T. Administration of Dadra & Nagar Haveli and Daman & Diu. The scheme has been further extended and is currently operative from May 20, 2022, until May 19, 2027.

The overarching objective of the Investment Promotion Scheme is to significantly boost specialized thrust sectors. While the parent scheme broadly aims to make the UT a hub for sectors like various types of furniture, maximize women's participation in business, reduce unemployment, and incentivize the employment of local laborers, this specific sub-scheme focuses keenly on the healthcare manufacturing ecosystem.

Its primary goal is to provide crucial financial support to units engaged in the manufacturing of medical equipment and accessories, medical diagnostics, and AYUSH products. This support is delivered through two key mechanisms: Capital Investment Subsidy and Credit Linked Interest Subsidy, designed to stimulate growth, innovation, and production capabilities within these vital sectors.

Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme For Medical Equipment And Accessories, Medical Diagnostics And Ayush Products Manufacturing Units

Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme For Medical Equipment And Accessories, Medical Diagnostics And Ayush Products Manufacturing Units

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