Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Entrepreneurship Under Skill Development

DETAILS The scheme “Assistance For Entrepreneurship Under Skill Development” is a sub scheme under the “Investment Promotion Scheme (IPS)” for MSME Sector. It was launched on 3rd July, 2015 for a period of five years by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu. Now it has been extended further from 20th May, 2022 and shall be operative till 19th May, 2027. Objective of the "Investment Promotion Scheme (IPS)”: The scheme envisages to provide incentives and assistance to the MSME Sector in order to nurture them and protect them from market vagaries thereby making them vibrant and successful, maximize Women participation in the business sector, reduce unemployment among the local residents and incentivize the industries to employ resident laborers etc. Objective of the "Assistance For Entrepreneurship Under Skill Development" Sub-scheme: Under this scheme, assistance is provided to the budding entrepreneurs and their staff/ staff of the existing entrepreneurs to undergo Entrepreneurship /Management development training/ skill training from reputed national level institutions certified by National Skill Development Corporation/ State Skill Councils. BENEFITS 75% of the course fee is limited to ₹1,50,000/- per course upto 20 persons per year. ELIGIBILITY Should be a New Manufacturing/ Service units or Existing Manufacturing/ Service units which undertakes Expansion/ Diversification in MSME sector. The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027. Unit should be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu. Entrepreneur shall have to apply within six months of the date of completion of training.