"Capital Investment Subsidy: Physically Handicapped Persons/ Ex-Servicemen" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries"

DETAILS The "Capital Investment Subsidy: Physically Handicapped Persons/ Ex-Servicemen" is a Component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" Scheme by the Department of Industrial Development (Industries and Commerce), Union Territory of Puducherry. Through this scheme, the new industrial units which started production on or after 5th August 2009 by physically handicapped entrepreneurs and Ex-Servicemen for the investments made on land, building and plant and machinery are eligible for capital investment subsidy at the rate of 25% thereon subject to a maximum of ₹25,00,000/- for the micro and small manufacturing enterprises. BENEFITS A capital investment subsidy at the rate of 25% thereon subject to a maximum of ₹25,00,000/- for the micro and small manufacturing enterprises for the investments made on land, building and plant and machinery.  Number of Installments The subsidy shall be disbursed in a single instalment. NOTE: Where due to paucity of funds in a particular financial year or for such other reasons as the case may be, single instalment disbursement is not possible, such disbursement will be made in instalments.  Mode of Disbursement In the case of Units Financed by Financial Institutions/Banks, the subsidy amount shall be disbursed through the financial institutions/banks only, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or working capital purposes. In the case of Self-financed Units, the subsidy shall be disbursed directly to the entrepreneurs. ELIGIBILITY The scheme is applicable to the new industrial units which started production on or after 5th August 2009 by physically handicapped entrepreneurs and Ex-Servicemen. The subsidy for Physically Handicapped (PH) persons will be admissible only for those who suffer from not less than 40% incapacity under relevant category.