Details of Schemes implemented by Department of Industries and Commerce, Karaikal.
| SNo. |
Details & Description of Schemes |
2005-06 |
Progress of these schemes. |
|
|
Approved Out lay
|
Revised Out lay |
|||
| 1 |
Fisical assistance to new industries(20%/35%) investment subsidy, for thrust area industries, employment incentives to thrust area industries and connectivity subsidy for IT industry. |
5.0 |
0.1 | No applications |
| 2 | Motivation of SC/ST Entrepreneurs to start industries (SCP) (Motivation of SC/ST/Entrepreneurs to start industries, investment, interest, rent subsidies and employment incentives. | 3.0 | 0.1 | No applications |
| 3 | Motivation of SC/ST/Women Entrepreneurs to start industries, ( Investment, interest, rent subsidies and employment incentives). | 15.0 | 2.5 | One
application recommended to Director for issue of sanction.
Two applications are under process |
| 4 | Incentives for pollution Control equipments/energy saving devices. |
-- |
-- |
-- |
| 5 | Development of infrastructure for industrial promotion. | 5.0 | 1.0 | An amount of Rs.27.5 Lakhs sanctioned for the construction of new office building and proposal is also sent for renovation of Old office building. |
| 6. | Setting up an Industrial Growth Center at Polagam | 100.0 | 100.0 |
-- |
| 7 | Infrastructure facilities in Tsunami affected areas major work. | 100.0 | 50.0 | Funds are transferred to other needy regions as per the letter of Director of Industries and Commerce. |
DETAILS OF SCHEMES IMPLEMENTED BY DEPT. OF INDUSTRIES AND COMMERCE KARAIKAL
| SNo. |
DESCRIPTION OF SOURCES |
EFFECTIVE DATE |
PERCENTAGE |
MAXIMUM LIMIT |
PERIOD OF AVAIL ABILITY/ELIGIBILITY |
REMARKS |
| I | SC/ST/WOMEN ENTREPRENEURS | |||||
| 1. RENT SUBSIDY | 27/03/2002 | For first 2yrs-50% For 3rd yr-40% For 4 & 5th yrs-30% | Rs.5000 per month | First 5 years from commencement of commercial production | Covered under motivation of SC/ST/Women entrepreneurs | |
| 2. INTEREST SUBSIDY | 27/03/2002 |
25% |
75,000 per annum | First 5 years from commencement of commercial production | ||
| 3. SPECIAL INVESTMENT SUBSIDY | 27/03/2002 | 25% | 25 Lakhs | One time | ||
| 4.EMPLOYMENT SUBSIDY | 02/08/2004 |
20% |
5 Lakhs | First 5 years from commencement of commercial production | ||
| II | THRUST AREA INDUSTRIES | |||||
| 1. CAPITAL INVESTMENT SUBSIDY | 03/04/2003 | 35% | 30 Lakhs |
One time |
For both new and expansion/modernization of existing units | |
| 2. INTEREST SUBSIDY | 03/04/2003 | 25% | 75,000 per annum | First 5 years from commencement of commercial production | ||
| 3.EMPLOYMENT SUBSIDY | 02/08/2004 | 20% | 5 Lakhs per annum | First 5 years from commencement of commercial production | ||
| III | FOR IT INDUSTRIES | |||||
| CONNECTIVITY INCENTIVE | 23/03/2002 |
50% amount |
||||
| IV | SPECIAL SUBSIDY FOR POLLUTION CONTROL EQUIPMENT AND POWER SAVING EQUIPMENTS | |||||
| (i) SSI UNITS | 50% | 5 Lakhs | One time | To encourage entrepreneurs to install pollution control equipment and energy saving devices | ||
| (ii) MS/LS UNITS | 25% | 5 Lakhs | One time | |||
| Note 1. | Employment subsidy : |
The unit provides direct employment to at least 10 persons out of which 60% are local people and covered under Provident fund (PF) |
| Note 2. | Thrust Area Industries: | 1. Information Technology 2. Electronics Industries 3. Bio-Technology 4. Food Processing Industries 5. Agro Processing including marine products 6. Leather Products and Footwear 7. Light Engineering including Auto components 8. Textiles including garments |