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"Outstanding Entrepreneur" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises”

"Outstanding Entrepreneur" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises” is a scheme by the Industries and Commerce Dept, UT of Puducherry, formulated to award the best entrepreneurs.

Authority

State/ UT

Region

Puducherry

Status

Verified 2026

Updated

March 2026

What you get

Cash Award of ₹2,00,000/- and a Citation.

Who can apply

The unit shall be functioning profitably for 3 years before the date of application.; The unit should provide atleast 60% of employment to the people of UT of Puducherry of the total employment strength of the industrial units.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What is the geographical scope of the scheme?

This scheme operates throughout the Union territory of Puducherry.

What categories of awards are provided under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises"?

Awards are given in categories such as Outstanding Entrepreneur, Outstanding SC/ST Entrepreneur, Innovation in Technology (Product or Process), Outstanding Exporter, and Outstanding Artisan of the Year.

What are the financial benefits provided under this scheme?under this scheme?

Recipients of the awards are granted a cash award of [?]2,00,000/- along with a citation.

Who constitutes the Committee responsible for granting these awards?

The Committee consists of the Director of Industries and Commerce, Puducherry as Chairman, along with members from various departments such as DSTE, Finance, District Industries Centre, and Directorate of Industries and Commerce.

What is the role of the Committee in the awarding process?

The Committee evaluates the merits of each case for the grant of the award and makes final decisions regarding the awards.

Are there any conditions for eligibility to receive these awards?

Yes, one of the conditions is that the industrial unit must provide at least 60% of employment to the people of the Union territory of Puducherry out of its total employment strength.

How are the selected enterprises notified about their eligibility for the awards?

The Director of Industries notifies and informs the selected enterprises about their eligibility to receive the awards.

What was the impetus for formulating the new Industrial Policy, 2016?

The need for a new policy arose due to factors such as the inability to achieve anticipated growth in the industrial sector after the introduction of the Industrial Policy 2013, global economic recession, and differences in taxation.

When was the Gazette notification for the new Industrial Policy, 2016 issued?

The Gazette notification for the new Industrial Policy, 2016 was issued on 4th October 2016 through G.O. Ms. No. 7/2016/Ind.A, Puducherry.

How are the awards under this scheme intended to benefit the manufacturing sector in India?

The awards aim to motivate entrepreneurs to start industries and provide fiscal assistance to industries, aligning with the Government of India's renewed emphasis on the manufacturing sector and creating additional employment opportunities for the youth.

Can MSMEs from other regions participate in this scheme?

No, this scheme specifically operates within the geographical scope of the Union territory of Puducherry.

How does the Committee evaluate the merits of each case for the award?

The Committee assesses various factors such as entrepreneurial excellence, technological innovation, export performance, and artisanal skills to determine the deserving recipients of the awards.