About this business scheme
The scheme “Motivation of Unemployed Persons to Start Self-employed Enterprises” by the Dept of Industries and Commerce, UT of Puducherry was introduced to encourage self-employment among the youth in manufacturing and service activities, supporting the growing economy of Puducherry.
The scheme “Motivation of Unemployed Persons to Start Self-employed Enterprises” by the District Industries Centre, Department of Industries and Commerce, UT of Puducherry was introduced to encourage self-employment among the youth in manufacturing and service activities, supporting the growing economy of the Union Territory of Puducherry.
Benefits at a glance
| Scheme name | Motivation of Unemployed Persons to Start Self-employed Enterprises (MUPSSEE) |
|---|---|
| Launched by | District Industries Centre Organization |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Puducherry |
| Official portal | dic.py.gov.in (link at the end of this page) |
Key facts
| Scheme for | Individual |
|---|---|
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 3+ years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 3+ years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Quantum of Loan
Ranging from Rs. 10,000 to Rs. 2,00,000.
Subsidy
- 50% of the project cost (excluding preliminary and pre-operative expenses) for projects not exceeding Rs. 10,000.
- 25% of the project cost (excluding preliminary and pre-operative expenses), subject to a maximum of Rs. 25,000, for projects exceeding Rs. 10,000 but less than Rs. 2,00,000.
Interest
Normal bank rate of interest on the date shall be charged.
Disbursement
The disbursement of the loan will be done once the beneficiary completes the formalities required by the banks for their project.
Who qualifies
- The applicant's age should align with the existing norms of banks.
- The applicant should be able to read and write fluently.
- The applicant should be a permanent resident of the area for at least 3 years.
- All economically viable service and industrial activities are eligible.
Papers to keep ready
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Registration walkthrough
Offline
Step 1: The interested applicant should take print of the prescribed format of the application form.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: The interested applicant should visit (on a working day, and during office hours) the General Manager of the District Industries Centre (Thattanchavady, Puducherry - 605 009, 2248391, 2249392, 2248987, dic_pdy@bsnl.in), and submit the duly filled and signed application form and the documents to the concerned authority.
Step 4: On receipt of the application, necessary entries will be made in the application receipt register and a unique number is assigned to the applicant for identifying each applicant which shall be used for all further references and also as acknowledgement for the receipt of the application.
*The filled applications will be scrutinized and called for an interview once a quarter. The successful candidates' applications will be forwarded to the respective banks for further action.
Frequently asked questions
What is the range of loan amounts provided under the "Motivation of Unemployed Persons to Start Self-employed Enterprises" scheme?
Rs. 10,000 to Rs. 2,00,000.
How is the subsidy calculated for projects under this scheme?
50% of the project cost for projects not exceeding Rs. 10,000, and 25% for projects exceeding Rs. 10,000 but less than Rs. 2,00,000.
What is the applicable interest rate for the loans provided in this scheme?
The normal bank rate of interest on the date of disbursement.
When does the disbursement of the loan take place?
After the beneficiary completes the formalities required by the banks for their project.
What are the eligibility criteria regarding the applicant's residence for this scheme?
The applicant should be a permanent resident of the area for at least 3 years.
Are there any specific educational requirements for applicants under this scheme?
The applicant should be able to read and write fluently.
Which authority issues the Residence-cum-Nativity Certificate, and is it mandatory for the application?
Issued by the competent authority, and yes, it is mandatory.
What documents are mandatory for the application process?
Aadhaar Card, Applicant's Photo, Residence-cum-Nativity Certificate, Age Proof, Residence Proof, and Project Proposal.
Where can an interested applicant obtain the prescribed format of the application form?
From the General Manager of the District Industries Centre in Thattanchavady, Puducherry.
What should an applicant do after filling in the application form and attaching the required documents?
Submit the duly filled and signed application form and documents to the concerned authority.
How is each applicant uniquely identified in the application process?
A unique number is assigned, used for all further references, and serves as an acknowledgment for the receipt of the application.
How often are successful candidates called for an interview under this scheme?
Once a quarter.
What happens after the successful completion of the interview process?
The applications of successful candidates are forwarded to the respective banks for further action.
Can self-attestation of documents be done during the application process?
Yes, self-attestation is required for the mandatory documents.
What contact information is provided for the District Industries Centre in Puducherry?
Thattanchavady, Puducherry - 605 009, 2248391, 2249392, 2248987, dic_pdy@bsnl.in.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines dic.py.gov.in
- Contact Us dic.py.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
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