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405 results Business & Entrepreneurship
💼 Business & EntrepreneurshipCentral

Innovations for Defence Excellence

Aimed at creation of an ecosystem to foster innovation and technology development in Defence and Aerospace by engaging Industries (incl MSMEs, start-ups, individual innovators R&D institutes, academia) and provide them grants and other supports to carry out R&D innovation for adoption in D&A Sector

💰1) SPARK (Support for Prototype and Research Kickstart) Grant: iDEX provides grants up to Rs. 1.50 Cr (up to Rs. 10 Cr in case of iDEX Prime) to the start-ups/MSMEs to fund the projects in many technological areas under Defence India Start-up Challenges (DISC) and Open Challenge through the Support for Prototype and Research Kick start (SPARK Framework) | 2) Partner Incubators Support to iDEX winners:- | (a) Partner Incubator will provide mentorship to startups/MSMEs selected by iDEX-DIO. | (b) Partner Incubator will run programs like accelerators, incubation, etc. to strengthen selected startups/MSMEs beneficial for the India defence sector. | (c) Partner Incubator will undertake initiatives to reach out, spread awareness and promote innovations for defence among students/ researchers at all levels in academia | 3) The major benefits from iDEX Scheme to Indian Defence Innovation Ecosystem are:- | (a) Facilitate rapid development of new, indigenized, and innovative technologies for the Indian defence and aerospace sector, to meet needs for these sectors in shorter timelines | (b) Create a culture of engagement with innovative startups, to encourage co-creation for defence and aerospace sectors | (c) Empower a culture of technology co-creation and co-innovation within the defence and aerospace sectors.
💼 Business & EntrepreneurshipCentral

Intellectual Property Right Scheme Under MSME Innovative Scheme

Intellectual Property Right Scheme offers legal and intellectual property filing support including patents, trademarks, copyrights, designs, geographical indications (GI) etc.

💰A Grant of up to ₹ 1,00,00,000/- would be provided to an IPFC in milestone-based (three or more) instalments. | - Reimbursement for registration of Patent, Trademark, Geographical Indications (G.I.), and Design: The maximum financial assistance to the eligible applicants under the IPR component is as follows: | S. No.ItemMaximum Financial Assistance1.Foreign Patent₹ 5,000,00/-2.Domestic Patent₹ 1,000,00/-3.GI Registration₹ 2,000,00/-4.Design Registration₹ 15,000/-
💼 Business & EntrepreneurshipState

Intellectual Property Rights (IPR) Reimbursement Scheme

“Intellectual Property Rights Reimbursement Scheme” is a part of the Startup Policy 2017. The objective of the policy is to make Goa an aspirational geographical and human resource base for startups. The objective is to invite the best entrepreneurial minds and build a robust startup ecosystem.

💰For start-ups registering national and international IP, the Start-up Promotion Cell will reimburse up to 50% of the cost incurred by the start-up in fees and all other costs associated with IP application, if the IP is registered successfully, subject to a cap of ₹ 2,00,000 for national IP and ₹ 5,00,000 for international IP.1. This benefit can be availed by a maximum of 200 startups each year. | - Once the application is approved by the SPC, the approved amount shall be disbursed within 60 days from the date of approval. | NOTE 1: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications. | NOTE 2: The reimbursement amount will be released/ disbursed on the seniority basis/ SPC recommendation depending upon the budget allotment of the State Government. | NOTE 3: The reimbursement will be in the nature of a one-time payment and the applicant cannot apply under this provision more than once for the same IP application.
💼 Business & EntrepreneurshipState

Interest Subsidy Reimbursement Scheme

Through the "Interest Subsidy Reimbursement Scheme”, the projects which show immense promise and potential will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed.

💰Up to 3 projects that show immense promise and potential, as recommended by the Startup Promotion Cell, will be eligible for a grant of 30% of the loan interest amount, for the purpose of repayment of the interest component of a loan availed, up to ₹ 5,00,000 per annum, for an initial period of two years only. | - Other Startups shall be eligible for an interest repayment grant of 10% of the interest amount of a loan availed, up to ₹ 2,00,000 per year, for a period of two years. This benefit can be availed by 40 start-ups each year which the SPC shall select as per its guidelines. | - This amount will be in addition to any other interest subsidy or loan provided under Chief Minister Rojgar Yojana (CMRY). | NOTE: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.
💼 Business & EntrepreneurshipState/ UT

Interest Subsidy Scheme for Scheduled Caste/Scheduled Tribe Entrepreneurs

The scheme aims to encourage SC/ST entrepreneurs to establish micro or small-scale service enterprises & to expand, diversify, or modernize their existing units. Under this scheme, a loan amount ranging from a min. of ₹20.00 lakhs to a max. of ₹1,000.00 lakhs is provided at an interest rate of 4%.

💰Loan Amount: | - Minimum loan amount under the scheme is ₹20.00 lakhs. | - Maximum loan amount under the scheme is ₹1,000.00 lakhs which includes term loan and one time working capital term loan based on the project proposal but working capital term loan is restricted to maximum of ₹50.00 lakhs. However, repetition of working capital term loan sanction is not allowed. | - The loan can be availed for establishing new units or expanding / diversifying / modernizing their existing units for more than one occasion, but the aggregate loan extended shall not be more than maximum limit under the scheme. | Rate of Interest: | - The effective rate of interest is 4% only. | Repayment Period: | - The repayment period is 8 years including moratorium period in case of loan upto ₹500.00 lakhs and upto 10 years in case of loan above ₹500.00 lakhs but below ₹1,000.00 lakhs.
💼 Business & EntrepreneurshipState/ UT

Interest Subsidy Scheme, 2008

"Interest Subsidy Scheme, 2008" boosted economic growth by providing interest subsidies to Micro and Small Enterprises. The scheme offered financial incentives to new enterprises, making their operations more viable and promoting industrial growth.

💰Incentives were given to eligible units to the extent of 1% of the total net turnover or 30% of the interest paid by the units, whichever was less, subject to a ceiling of ₹5,00,000/- per annum. | - The benefit under this Scheme was for a period of 5 years (20 quarters) from the quarter of applicability.
💼 Business & EntrepreneurshipState/ UT

Interest Subsidy Scheme, 2017

The scheme aims to incentivize units for making their enterprises financially viable. It provides interest subsidy on term loan and/or working capital loan (up to ₹25,00,000/- per year, or ₹27,50,000/- for women/Scheduled Caste/Scheduled Tribe applicants) to eligible industries.

💰For claims of interest paid on term loan, subsidy will be calculated to the extent of 30% of the interest paid, subject to the scheme ceiling. | - For claims of interest paid on working capital loan, subsidy will be calculated to the extent of 1½% of the total turnover or 30% of the interest paid by the units/enterprise, whichever is less. | - The subsidy payable shall not exceed the ceiling of ₹25,00,000/- per annum, calculated on pro-rata basis for part of the year as claimed. | - The subsidy payable shall not exceed the ceiling of ₹27,50,000/- per annum for all women and Scheduled Caste/Scheduled Tribe applicants, calculated on pro-rata basis for part of the year as claimed. | Disbursal Conditions/Criteria | - _The period of grant of subsidy shall not exceed seven years, that is 27 continuous quarters subsequent to the quarter in which the subsidy is first claimed._ | - _The benefits under this scheme shall be disbursed to eligible applicants beyond the validity of this scheme, provided, application for at least one claim is submitted to the Directorate of Industries, Trade and Commerce (DITC) during the validity of this scheme._ | - _In case the unit fails to file the yearly claim after the first claim within the stipulated time frame, the unit shall be eligible to file the delayed claim in the subsequent year within the time frame as specified in the Umbrella Scheme._ | - _The facility of filing delayed claims shall not be available for the last claim._ | - _The lapsed claim shall not be revived by any authority._ | - _In case the unit fails to include any portion of interest that cannot be claimed due to non-payment before filing of application, the unit shall be eligible to claim such interest subject to payment of the same in the subsequent year._ | - _In case of default in payment of term loan (i.e. not paid as per schedule of repayment) reimbursement of interest shall be reduced to the extent of default._ | - _Only the limit of original loan granted and not rescheduled loan shall be considered for interest reimbursement._
💼 Business & EntrepreneurshipState/ UT

Interest Subvention Scheme

The scheme aims to provide institutional credit for capital investments at reasonable interest rates and is implemented through the Karnataka State Financial Corporation (KSFC) in the state.

💰Amount of Loan: | - The minimum loan size is ₹5.00 lakhs. | - The maximum loan size is ₹500.00 lakhs for Micro and Small Manufacturing Enterprises. | - ₹200.00 lakhs for manufacturing and allied services enterprises towards building, gross block of plant and machinery directly involved in production. The loan/s over and above these limits will carry contract rate of interest. | Rate of Interest: | - KSFC shall sanction loans with prevailing contract rate of interest and the promoters shall pay the interest accordingly. To avail the interest subvention under the scheme, the beneficiary / borrower shall be regular in repayment of installments of all the loans availed by the Enterprises from KSFC. The effective interest rate to be paid by beneficiary /borrower is the difference of contract rate and interest subvention of 5.5% p.a. reimbursed by Government of Karnataka. | Interest Subsidy [Subvention] Period: | - The unit is eligible for interest subsidy [subvention] for a period of 5 years from the date of first disbursement of the loan, even though if the repayment period extends beyond 5 years.
💼 Business & EntrepreneurshipCentral

International Cooperation Scheme- Capacity Building of First Time MSE Exporters

The scheme “International Cooperation Scheme” was launched by the MSME, Govt. of India with the aim to capacity build MSMEs for entering export market by providing reimbursement of various costs incurred by first time MSE exporters on export shipments.

💰Scale of Assistance and Eligible Items of Expenditure: | Financial assistance towards costs incurred by first-time MSE Exporters on export shipments:- | Registration-cum-Membership Certificate (RCMC) charges/fee paid by the first-time exporter to relate EPCs 75% of the cost paid subject to a maximum of ₹20,000/- or actual, whichever is lower subject to quarterly reporting by EPCs as per prescribed format. Export Insurance Premium paid to Export Credit Guarantee Corporation Ltd. (ECGC) under the ECGC's Small Exporter's PolicyMaximum financial assistance in a financial year of ₹10,000/- or actual, whichever is lower subject to quarterly reporting by ECGC Ltd. as per prescribed formatFee paid on Testing & Quality Certification acquired by MSEs to Export Products (Note: Ministry of MSME shall share the list of beneficiaries who have availed the financial assistance under this sub-component, with MAI Division, Department of Commerce, on quarterly basis)75% of the testing and quality certification with a ceiling of ₹1.00 Lakh or actual, whichever is lower, subject to the following conditions: 1. Financial assistance is allowed for a maximum of 3 certificates per financial year with a ceiling of ₹1.00 Lakh per MSE unit. 2. Certificate, for which financial assistance is requested, should be attained within the same financial year.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) For Cottage Industries: Financial Assistance To Cottage Industries

“Financial Assistance To Cottage Industries'' under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide financial assistance to Cottage Industries on the term loan taken through banks.

💰Rate of Capital Subsidy: 25% of the term loan amount for setting up of the Cottage Industry up to a maximum of ₹5,00,000/-. | - Rate of Interest Subsidy: 50% of the Interest charged by Bank or NBFC or Cooperative Bank shall be reimbursed up to a period of 5 years from the date of commencement of Production. | Note: | - 10% additional capital subsidy shall be provided to Scheduled Castes/ Scheduled Tribes / Women/ Differently abled having 30% or more disability. | - Maximum limit of the Bank Loan should be ₹20,00,000/-.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment For The Handloom And Handicrafts Artisans Of The U.T. Requiring Financial Assistance For Purchase Of Machinery Or Raw Materials

This is a sub-scheme under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, that aims to provide financial assistance for purchase of machinery or raw materials for development of their business.

💰Machinery Investment Subsidy: | - Subsidy Rate: 50% of the investment made in machinery.- Maximum Subsidy Amount: Upto ₹2,00,000/-. | Working Capital Loan Subsidy: | - Subsidy Rate: 50% of the loan taken for working capital (e.g., purchase of raw materials). - Maximum Subsidy Amount: Upto ₹2,00,000/-. | Note: 10% additional subsidy shall be provided to (Scheduled Castes/ Scheduled Tribes/ Women/ Differently abled having 30% or more disability.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) For Handicraft Artisans: Assistance For Capital Investment To Uplift The Economic Condition Of Artisans/ Persons

This is a sub-scheme under the “Investment Promotion Scheme (IPS)”, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, that aims to provide additional tools/equipment to SC/ST/OBC/EWS communities to generate adequate income and self-employment.

💰Name of TradeApproximate Cost(₹)Senting work, Cobbler, Mobile repairing10,000/-Different types of Push Carts, Plumber, Beauty Parlour, Repairing of electrical appliances, Welding Work, Carpentry, Laundry services, Broom maker, Milk-Curd seller, Fish seller, Papad maker, Pickle maker, Hot cold beverages seller, Puncture kit, Flour mill, Masala mill, Hair cutting15,000/-Mason work, Vehicle service and repair, Cotton wick maker (Female SHGs member), 20,000/-Tailoring, Embroidery25,000/-Pottery work30,000/-Paper cup and dish maker (Female SHGs)50,000/-
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Capital Investment In Solar Power Generation

“Assistance For Capital Investment In Solar Power Generation” under the “Investment Promotion Scheme (IPS)” for MSME sector, by the Dept. of Industries, DNH & DD, aims to encourage MSMEs to use Solar Power through providing Capital subsidy for setting up of Solar Power Plant for generation of power.

💰25% subsidy subject to a limit of maximum of ₹50,00,000/-. | Note: Enterprise shall be eligible only once to avail this scheme.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Entrepreneurship Under Skill Development

“Assistance For Entrepreneurship Under Skill Development” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, DNH & DD, aims to provide assistance to budding entrepreneurs and their staffs to undergo Entrepreneurship /Management training.

💰75% of the course fee is limited to ₹1,50,000/- per course upto 20 persons per year.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Participation In Industrial Exhibitions Abroad

“Assistance For Participation In Industrial Exhibitions Abroad” under the “Investment Promotion Scheme (IPS)” for MSME sector, by the Dept. of Industries, DNH & DD, aims to promote the Products and Services of the territory abroad and their businesses to expand the customer base all over the world.

💰50% of space rent subsidy up to a maximum of ₹2,00,000/-. | Note: The assistance shall be granted up to Five years under IPS-2022.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Patent Registration /Trade Mark Registration

“Assistance For Patent Registration/ Trade Mark Registration” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to extend support for obtaining Patent Registration/ Trade Mark Registration.

💰75% of the cost/expenditure incurred for any number of patent applications subject to ₹25,00,000/- per applicant/ enterprise. | Maximum Capped Fee for Attorney: | For National Patent: ₹50,000/- for domestic patents. | For International Patent: ₹2,00,000/- per country for international patent within the overall cap of 75% of the cost / expenditure of patent registration within the overall ceiling. | Overall cap would be 75% of the cost /expenditure of patent registration within the overall ceiling.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Quality Certification

“Assistance of Interest Subsidy” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to extend support to MSME to get quality certification to introduce quality products in competitive markets.

💰50% of fee payable to certification for National/ International Certification. | - 50% cost of testing equipment and machinery required for that certification up to a maximum amount of ₹10,00,000/-.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Saving In Consumption Of Energy And Water

“Assistance For Saving In Consumption Of Energy And Water” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, DNH & DD, aims to provide assistance to the existing/ new Enterprise for taking action for saving in consumption of Energy and Water.

💰75% cost of Energy/ Water audit conducted by recognized institution/ auditing authority subject to a maximum of ₹1,00,000/. | - 25% cost of equipment recommended by the auditing authority subject to a maximum of ₹20,00,000/- one-time assistance.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance For Zed Certification

“Assistance For Zed Certification” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, was introduced to urge industries, especially (MSMEs), to manufacture goods in the country with “Zero Defects”.

💰50% up to a maximum amount of ₹1,00,000/-. | Note: Subsidy shall be provided of all charges on the amount after deducting the assistance received from Government of India for ZED Certification.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Fixed Capital Investment Subsidy

“Assistance of Fixed Capital Investment Subsidy” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide subsidy for the investment made in Gross Fixed Capital investment (GFCI).

💰Micro Industries: 15% Subsidy with an upper ceiling of ₹15,00,000/-. - Small Industries: 15% Subsidy with an upper ceiling of ₹30,00,000/-. - Medium Industries: 15% Subsidy with an upper ceiling of ₹35,00,000/-. | Note: If the eligible GFCI is over ₹10,00,00,000/- an additional ₹10,00,000/- will be given.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance of Interest Subsidy

“Assistance of Interest Subsidy” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide Interest Subsidy on the term loan on equipment/machinery etc and furniture’s / fixtures (except land and building).

💰50% Subsidy of interest charged by the Bank with an upper ceiling of ₹30,00,000/- per annum for a period of 5 years OR for the period of repayment of loan whichever is earlier. | Note: | - 10% additional interest subsidy to differently abled entrepreneurs, women entrepreneurs and registered Start up in manufacturing /service sector. | - 10% additional subsidy to young entrepreneurs below the age of 35 years on the date of sanction of term loan.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Assistance To Small And Medium Enterprises (SME) For Raising Of Capital Through SME Exchange

“Assistance SME For Raising Of Capital Through SME Exchange” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide One-time assistance of expenditure incurred on raising of fund through SME Exchange.

💰25% of expenditure incurred on raising of fund through SME Exchange, limited to maximum to ₹5,00,000/-.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Awards For MSMEs

“Awards For MSMEs” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to facilitate the best MSMEs with awards for their achievements in different aspects.

💰Award of ₹2,00,000/-. | - Trophy. | - Appreciation letter.
💼 Business & EntrepreneurshipState/ UT

Investment Promotion Scheme (IPS) for MSME Sector: Incentive For Local Employment

“Incentive For Local Employment” under the “Investment Promotion Scheme (IPS)” for MSME sector, implemented by the Dept. of Industries, U.T. Administration Of DNH & DD, aims to provide One-time recruitment incentive to the Industrial Units for generating employment for local residents.

💰₹3,00,000/- per 20 local Persons (employees) upto Maximum amount of ₹15,00,000/- to each eligible unit.

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