Central GovernmentVerified

"Assistance for Technology Acquisition" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries"

Through "Assistance for Technology Acquisition", assistance for acquisition of appropriate technology in any form for specific product/process is provided by way of 50% grant subject to a maximum of ₹10,00,000/-. The applications are accepted offline in the prescribed form available.

Last verifiedToday

Official Source ↗

About This Scheme

"Assistance for Technology Acquisition" under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Capital Intensive Industries" 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 for acquisition of appropriate technology in any form for specific product/process will be provided by way of 50% grant subject to a maximum of ₹10,00,000/-. The applications are accepted offline in the prescribed form available on the Official Website of the Department.

Benefits

₹10.0 L

Assistance: 50%.

Ceiling: ₹10,00,000/-.

Purpose: Acquisition of Appropriate Technology in Any Form for Specific Product/ Process.

Number of Installments

In single or multiple installments, depending on the availability of fund.

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 the working capital purposes.
In 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.
✦
Loan Sanction Letter.
✦
Receipt for the Payment to the Technology-Providing Institution/Agency.
✦
Chartered Accountant Certificate for the Payment Made to the Quality Certifying Agency / Patent Attorney / Technical Providing Institution & Agency.
✦
Approval Copy Obtained from the Director of Industries after Signing the Memorandum of Understanding (MOU) with the Technology-Providing Institution/Agency.

✦ Required ◦ Optional

How to Apply

IIn-person

Quick Info

Level: Central Government
Max benefit: ₹10.0 L