Investment Promotion Scheme (IPS) for MSME Sector: Awards For MSMEs

DETAILS The scheme “Awards For MSMEs” 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 "Awards For MSMEs" Sub-scheme: Under this scheme, awards will be given for Best MSMEs under Micro, Small and Medium Category, for the following achievements: MSME achieving highest growth in turnover over an year. MSME achieving highest growth in exports over an year. MSME achieving highest growth in employment over an year. Achieving International certification over an year. An MSME unit is eligible to receive awards for a period of three years in the entire scheme period of five years, if found eligible for the award. Secretary (Industries) is the recommendatory Authority for scrutiny and finalization of the nominations received and Hon’ble Administrator is awarding Authority in IPS-2022. BENEFITS Award of ₹2,00,000/-. Trophy. Appreciation letter. 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.