Question: Am I eligible for 25% Capital Investment Subsidy Scheme?

Answer: Here are the eligibility criteria for 25% Capital Investment Subsidy Scheme:

Lakshadweep25% Capital Investment Subsidy SchemeCapitalEntrepreneurInvestmentSubsidyUnemployed
YouthDetailsBenefitsEligibilityExclusionsApplication ProcessDocuments RequiredFrequently Asked QuestionsIntroduction:The Union
Territory of Lakshadweep has been declared as the â€œNo industrial Areaâ€​ and hence no scope for establishing major Industries in this
UT. The Govt. of India is giving significant emphasis on setting up Small-Scale Industrial units for the economic development of the
Islands in order to create self-employment/ job opportunities considering the lack of employment in the Government Sector under the
U.T. Administration. Specific studies were conducted by the Planning Commission in pursuance of the decision taken by the Standing
Committee of the Island Development Authority and constituted an Expert Committee. The Committee learned about problems of
Industrialization in these Islands and identified special needs that would accelerate the Start-up Industries in Lakshadweep. Based on the
recommendation of the expert committee, Govt. of India has approved the implementation of a scheme called 25% Capital Investment
Subsidy to the local entrepreneurs for promoting Micro and Small Enterprises in Lakshadweep. This scheme paves the way to improve
industrialization and to facilitate local entrepreneurs/unemployed youth to take up viable ventures (Micro & Small Enterprises) in the
Islands.Objective of the Scheme:â€¢ To promote Micro & Small Enterprises.â€¢ To generate employment opportunities in the private
sector.â€¢ Industrial Promotion & Economic Development of the islands.OkWas this helpful?ShareNews and UpdatesNo new news and
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myscheme[at]digitalindia[dot]gov[dot]in(011) 24303714Last Updated On : 28/03/2024 | v-2.1.1