The scheme Awards For MSMEs is a sub-scheme under the Investment Promotion Scheme (IPS) for the MSME Sector. Launched on 3rd July 2015 for a five-year period by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu, it has been extended from 20th May 2022 to 19th May 2027.
Objectives
• Provide incentives and assistance to nurture the MSME Sector
• Protect MSMEs from market vagaries
• Maximize women participation in business
• Reduce unemployment among local residents
• Incentivize industries to employ resident laborers
• Award for best MSMEs in categories of highest growth in turnover, exports, employment, and achieving international certification
Benefits
Awards include a cash prize of ₹2,00,000/-, a trophy, and an appreciation letter to recognize outstanding MSMEs.
Eligibility
• New Manufacturing/Service units or Existing Manufacturing/Service units undertaking expansion/diversification
• Commercial production commenced between 20.05.2022 and 19.05.2027
• Located in the U.T. of Dadra and Nagar Haveli & Daman and Diu
Application Process
Online Registration
• Visit the Registration page on the Official Website
• Provide required information and click Register
• Verify your email address using the link sent (check spam if not received)
• Complete account verification by clicking the link or pasting the URL in the browser
• Enter 111111 as OTP to verify your mobile number; credentials are sent to your email
Application Steps
• Visit the user Login page on the Official Website
• Enter registered mobile number and PIN from your email, then click Log In
• Click on Departments & Services from the left menu
• Scroll to District Industries Centre DD & DNH and click Click Here to apply for Investment Promotion Scheme: 2022 to 2027
• Fill in the Common Application Form with required details and upload mandatory documents
• Verify all details and click Submit
Helpdesk
• District Industries Centre
• Contact: 0260-2260871 / 0260-2260310
• Email: [email protected]
• Technical Assistance (https://investdd.in): Contact: 0260-2231885 / 2231886, Email: [email protected]
Documents Required
• Corporate Identification Number (CIN) document
• Taxpayer Identification Number (TIN) document
• Permanent Account Number (PAN) document
• Goods and Services Tax (GST) document
• Other Registrations document
• Copy of Udyam Registration/Industrial Entrepreneur Memorandum
• Copy of Partnership Deed and Firm Registration Certificate or Memorandum & Articles of Association and Date of Incorporation Certificate
• Copy of land purchase deed (if the enterprise owns the land)
• Copy of registered lease agreement for a minimum of 5 years (if on leased land/building)
• Copy of sanction order from the Electricity Department along with the latest bill
• Authorization letter
• Copy of Consent to Operate/Renewal from PCC, DNH & DD (if applicable)
• Copy of Factory license
• Undertaking
Frequently Asked Questions (FAQs)
Q: How long is an MSME unit eligible to receive awards under the scheme?
A: An MSME unit can receive awards for a period of three years within the five-year scheme period.
Q: Who is responsible for the scrutiny and finalization of the nominations for IPS-2022?
A: The Secretary (Industries) oversees the scrutiny and finalization of nominations.
Q: What is the role of the Hon’ble Administrator for IPS-2022?
A: The Hon’ble Administrator is the awarding authority who confers the incentives after nomination approval.
Q: What happens if a newly setup enterprise is sold or transferred within the first five years?
A: The benefit of the incentive may be affected as per the scheme’s terms.
Q: What is the definition of expansion/diversification?
A: It refers to the strategic growth or diversification efforts undertaken by the enterprise.
Q: What measures are in place to prevent misuse of the subsidy scheme?
A: Rigorous verification and scrutiny processes ensure proper utilization of funds.
Q: What is the operative period of the scheme?
A: The scheme is operative from 20th May 2022 to 19th May 2027.
Q: If an enterprise is established in 2023, what is the applicable period for benefits?
A: Benefits apply within the timeframe defined for commercial production between 20.05.2022 and 19.05.2027.
Q: What is the timeline for making an application?
A: Applications must be submitted within the scheme’s operative period.
Q: How can an eligible unit apply to receive the benefits?
A: Eligible units can apply online via the Official Website following the registration and application steps.