Investment Promotion Scheme (IPS) for Textile Sector: Assistance Of Interest Subsidy For Textile Sector
State: Dadra & Nagar Haveli and Daman & Diu
Ministry: null
Department: Department of Industries
Category: Business & Entrepreneurship
Beneficiary Type: Business Entity, Industries

“Assistance Of Interest Subsidy For Textile Sector” under the “Investment Promotion Scheme (IPS)” for Textile Sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide credit linked interest subsidy for Textile and Technical Textile sector.

Benefits:
- 60% subsidy of interest charged by Bank with an upper ceiling of ₹60,00,000/- per annum for a period of 5 years OR, for the period of repayment of loan whichever is earlier.
  - Additional 10% subsidy will be provided to Export oriented Carpet industry upto a maximum ₹70,00,000/- per annum.

Eligibility:
1. Should be a New Manufacturing/ Service units or Existing Manufacturing/ Service units which undertakes Expansion/ Diversification in MSME sector.
   1. The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027.
   1. Unit should be located in the U.T. of Dadra and Nagar Haveli &amp;amp; Daman and Diu.
   1. Enterprise shall have to apply at online portal within one year from the date of eligibility.

Application Process:
[Online]
Registration Process:Step 1: Visit the Registration page of the Official Website.
Step 2: Provide the information in the respective input spaces and click on “Register”.
Step 3: Verify your email address using the verification link sent on your email (If Mail is Not Received Your Inbox. Please Check the Spam).
Step 4: Click the Link/URL in the received email or Paste Link/URL in browser's address bar to complete your Account Verification.
Step 5: Now enter “111111” as OTP to verify your mobile number. Mobile Number and Pin Successfully will be sent to the registered Email Address.
Step 6: On successful registration the login credentials will be received in the registered email.
Application Process:Step 1: Visit the user Login page of the Official Website.
Step 2: Enter registered Mobile Number along with PIN sent on your email then click “Log In”.
Step 3: On successful Log In, from the left side menu bar click on “Departments & Services” tab.
Step 4: Scroll down to “District Industries Centre DD & DNH” and click on the “Click Here” button to apply for “Investment Promotion Scheme : 2022 to 2027 (20 May 2022 to 19 May 2027)”. 
Step 5: “Common Application Form” will be open. Enter all the details in required input fields and upload all the mandatory documents.
Step 6: After successful entry of the information, verify all the details and click on the “Submit” button to complete the application process.
Helpdesk:District Industries Centre,
Contact No.: 0260-2260871 / 0260-2260310
E-mail Address: dic-dd@nic.in
For Technical Assistance on Single Window Portal (i.e. https://investdd.in)  Contact No. : 0260-2231885 / 2231886  E-Mail : ddegs-dd@nic.in

Documents Required:
Corporate Identification Number (CIN) Document.
Taxpayer Identification Number (TIN) Document.
Permanent Account Number (PAN) Document.*
Goods and Services Tax Number (GST) Document.
Other Registrations Document.
Copy of Udyam Registration /Industrial Entrepreneur Memorandum, as applicable.
Copy of Partnership Deed and Firm Registration Certificate in case of partnership concern or Memorandum & Articles of Association and Date of Incorporation Certificate in case of Public/Private Limited companies.
Copy of land purchase deed duly signed by the applicant (If the Enterprise is functioning in its own land).
Copy of registered lease agreement for a minimum period of 5 years from the date of commencement of commercial production (If the Enterprise is functioning in a leased land/ building).
Copy of sanction order from Electricity Department for power supply with copy of the latest bill.
Authorization letter.
Copy of Consent to Operate / Renewal from PCC, DNH & DD (as applicable for Notification No. PCC/DMN/13(PART VI)/2020-21/448 DATED 25/01/2021).
Copy of Factory licensee.
Undertaking.