IPSFTSMPPU
What this is
“Scheme For Marine Products Processing Units'' under the “Investment Promotion Scheme (IPS)” for Thrust Sectors, implemented by the Dept. of Industries, U.T. Administration of DNH & DD, aims to provide Interest Subsidy to the Establishment /Expansion of Marine products processing industries.
In detail
The scheme “Scheme For Marine Products Processing Units” is a sub scheme under the “Investment Promotion Scheme (IPS)” for Thrust Sectors. It was launched on 3rd July, 2015 for a period of five years by the Dept. of Industries, U.T. Administration Of Dadra & Nagar Haveli And Daman & Diu. Now it has been extended further from 20th May, 2022 and shall be operative till 19th May, 2027.
> Objective of the "Investment Promotion Scheme (IPS)”:
The scheme envisages to provide further fillip to the specialized Thrust Sectors such as Plastic Furniture, Steel Furniture, Brass Furniture, Metal Furniture, Cane Furniture, Wooden Furniture, Bamboo Furniture, Fibre Glass Furniture and Marble Furniture etc, therefore making the U.T. a Special Hub for the furniture sector: maximize Women participation in the business sector, reduce unemployment among the local residents and incentivize the industries to employ resident laborers etc.
> Objective of the "Scheme For Marine Products Processing Units" Sub-scheme:
Under this Scheme, Credit linked interest subsidy will be provided for Establishment/ Expansion of Marine Products processing industries.
Who qualifies
- Should be a New Manufacturing/ Service units or Existing Manufacturing/ Service units which undertakes Expansion/ Diversification in MSME sector.
- The unit should have commenced the commercial production between 20.05.2022 to 19.05.2027.
- Unit should be located in the U.T. of Dadra and Nagar Haveli & Daman and Diu.
- Enterprise shall have to apply at online portal within one year from the date of first disbursement of loan or on or before the date of commencement of commercial production.
What you get
- Credit Linked Interest Subsidy: 60% per annum limited to maximum of ₹50,00,000/- per annum for 5 years OR, for the period of repayment of loan whichever is earlier.
Who is excluded
- The Enterprise will not be eligible for Interest Subsidy under this Scheme if, term loan is sanctioned after one year from the date of commencement of commercial production.
not about the scheme.
Provenance
| schemeName | Investment Promotion Scheme (IPS) for Thrust Sectors: Scheme For Marine Products Processing Units | myScheme · 2026-09-02 |
| schemeOpenDate | 2015-07-03 | myScheme · 2026-09-02 |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | False | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |