Question: Tell me about the "Interest Subsidy" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries" scheme.

Answer: **Benefits:** under the scheme. Which financial institutions are considered for loan availed by industrial units under the Interest Subsidy
scheme?Financial institutions include PIPDIC, Scheduled Banks including Co-operative Banks, and Government-sponsored Co-
operative Societies, among others. What are the conditions regarding loan availed by industrial units for eligibility for the Interest
Subsidy?Industrial units should have availed loans from financial institutions for the creation of fixed assets and working capital. What is
the maximum annual subsidy amount for industries set up by SC/ST/Women/Physically Handicapped/Ex-Servicemen entrepreneurs?The
maximum annual subsidy amount for these industries is â‚¹5,00,000/- per annum for a period of 5 years, subject to specific conditions
outlined in the scheme. Through what mode is the subsidy disbursed for self-financed units under the Interest Subsidy scheme?The
subsidy for self-financed units is disbursed directly to the entrepreneurs, as specified in the scheme guidelines. How is the interest
subsidy disbursed for industrial units accommodated in sheds or premises owned by Government departments?For such units, the rent
fixed by the respective organization is taken into account for calculating the subsidy. What is the maximum amount of interest incentive
admissible to an industry under the Interest Subsidy scheme?The maximum amount of interest incentive admissible to each industry is
â‚¹75,000/- in any financial year, as per the scheme guidelines. Where can applicants find the prescribed form for applying for the
Interest Subsidy scheme?Applicants can find the prescribed form for applying for the Interest Subsidy scheme on the Official Website of
the Directorate of Industries and Commerce, Puducherry. How are applications for the Interest Subsidy scheme processed?Applications
for the Interest Subsidy scheme are processed by the Industries Department to obtain sanctions, and they do not need to be placed before
a State Level Committee. Sources And ReferencesGuidelinesApplication Form & Documents RequiredGrievance
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you have already initiated your application earlier.To know more please visit CancelApply NowPuducherry"Interest
Subsidy" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to
Industries"FinanceIncentiveInterestLoanSubsidyDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked
QuestionsThe "Interest Subsidy" is a Component of the "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to
Industries" Scheme by the Industries and Commerce Department, Union Territory of Puducherry. The industrial units which have availed
loans from financial institutions towards the creation of fixed assets and for working capital shall be eligible for an interest incentive to
an extent of 25% of the annual interest amount paid. The applications are accepted offline in the prescribed form available on the
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24303714Last Updated On : 28/03/2024 | v-2.1.1