Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Participation In Industrial Exhibitions Abroad

DETAILS The scheme “Assistance For Participation In Industrial Exhibitions Abroad” 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 Participation In Industrial Exhibitions Abroad" Sub-scheme: The objective of this scheme is to promote the Products and Services of the territory abroad and their businesses to expand the customer base all over the world. Under this scheme, space rent subsidy would be provided on actual rent paid by MSME for participation in industrial exhibitions in foreign countries. BENEFITS 50% of space rent subsidy up to a maximum of ₹2,00,000/-. Note: The assistance shall be granted up to Five years under IPS-2022. 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. Enterprise shall have to apply within three months from completion of exhibition.