Central GovernmentVerified

"Assistance for Intellectual Property Protection Support" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - Various Incentives"

Through this scheme, assistance of 50% is provided subject to a maximum of ₹2,00,000/- for the expenditure for obtaining domestic patent (₹5,00,000/- for international patent). The applications are accepted offline in the prescribed form available on the Official Website of the Department.

Last verifiedToday

Official Source ↗

About This Scheme

"Assistance for Intellectual Property Protection Support" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - Various Incentives" is a scheme by the Industries and Commerce Department, Union Territory of Puducherry. The scheme came into force with effect from 1st April 2017 and is in operation in the whole of the UT of Puducherry. Through this scheme, assistance of 50% is provided subject to a maximum of ₹2,00,000/- for the expenditure for obtaining domestic patent (₹5,00,000/- for international patent). The applications are accepted offline in the prescribed form available on the Official Website of the Department.

Benefits

> Mode of Disbursement

₹2.0 L

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.

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._

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate.
✦
Chartered Accountant Certificate for Payment Made to Quality Certifying Agency/ Patent Attorney/ Technical Providing Institution & Agency.
✦
Approval from the Quality Council of India for the Certifying Agency.
✦
Quality Certificates.
✦
Receipt for Payment to the Quality Certifying Agency (if Applicable).
✦
Patent (if Applicable).
✦
Receipt for Payment to the Patent Attorney (if Applicable).
✦
Registration Certificate of Membership with Export Promotion Council / Federation of Indian Export Organisation (FIEO).
✦
Prior Approval of the Director of Industries and Commerce for Participation in the Exhibition/Trade Fair.
✦
Receipt for Payment to the Exhibition Organiser for Rent/Space.
✦
Bill/Invoices for Printing Charges of Literature and Display Material.
✦
Chartered Accountant Certificate for Payment Made to the Exhibition Organiser, Literature, and Display Material.
✦
Original Copy of the Catalogue/Printing Material Prepared for Exhibition/Trade Fair.
✦
Brochure/Catalogue of Exhibition/Trade Fair.
✦
Photographs of the Applicant's Stall in the Exhibition/Trade Fair.
✦
Recognition/Accreditation for Energy/Water Auditing Institution/Consultant (if Applicable).
✦
Energy/Water Audit Report.
✦
Chartered Accountant Certificate for Payment Made to the Energy/Water Audit Institution/Agency.
✦
Receipt for Payment to the Energy/Water Institution/Agency.

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level: Central Government
Max benefit: ₹2.0 L