What you get
Assistance @ 50% subject to a maximum of ₹2,00,000/- for the expenditure for obtaining domestic patent (₹5,00,000/- for international patent). | Time of Disbursement | After the publication/notification of the patent. | Number of Installments | In single or multiple instalments, depending on the availability of funds. | Mode of Disbursement | - The subsidy amount shall be disbursed through the financial institutions/banks only, if the unit is financed by them, towards the adjustment against the loan availed by the entrepreneurs or for the creation of additional fixed assets or for working capital purposes. | - In the case of self-financed units, the subsidy shall be disbursed directly to the entrepreneur/unit. | _*The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including Co-operative Banks._
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
How are units categorized based on the commencement of commercial production?
Units commencing production on or after April 1, 2017, are considered new industries, while those before this date are deemed existing units.
Who prescribes the subsidy forms under the scheme?
The Directorate of Industries and Commerce prescribes the subsidy forms.
How can the Government recover amounts due under the subsidy scheme?
Amounts due to the Government can be recovered as arrears of land revenue under the Revenue Recovery Act in case of default.
Under what circumstances is investment subsidy liable to be refunded?
Investment subsidy must be refunded with 14% interest if availed through misrepresentation, forgery, or if the unit is inactive for five years from subsidy receipt.
What are the consequences of failing to maintain 60% local employment as stated in the Affidavit?
Failure to maintain 60% local employment may result in repercussions outlined in the Affidavit.
What reporting obligations do industrial units have to fulfil?
Industrial units must provide production, employment, and other information as required by the Industries and Commerce Department.
What is the restriction on the transfer of fixed assets by industrial units?
Units cannot transfer fixed assets, including plant and machinery, until five years from the application or subsidy disbursement date, whichever is later.
How are multiple industrial undertakings by the same person treated for subsidy eligibility?
Multiple units by the same person are eligible as separate entities if they have different locations and obtain licenses separately.
Can an industrial unit apply for subsidies if it has received subsidies from other agencies?
No, units that have received subsidies from other agencies are ineligible to apply for subsidies under this Scheme.
What conditions determine the instalment disbursement of subsidies?
Subsidies can be disbursed in single or multiple instalments based on fund availability.
Who is eligible for subsidy disbursal directly from the government?
Self-financed units are eligible for subsidy disbursal directly from the government.
How is the subsidy amount disbursed for units financed by financial institutions?
The subsidy amount is disbursed through financial institutions/banks, either for loan adjustment or the creation of additional fixed assets or working capital.