About this business scheme
"Outstanding Entrepreneur" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries – State Awards to Micro, Small and Medium Enterprises” is a scheme by the Industries and Commerce Dept, UT of Puducherry, formulated to award the best entrepreneurs.
"Outstanding Entrepreneur" under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries – State Awards to Micro, Small and Medium Enterprises” is a scheme by the Industries and Commerce Department, Union Territory of Puducherry. The scheme is formulated under the New Industrial Policy 2016, introduced on 4th October 2016. The 'State Award' Schemes are formulated to provide awards for the best outstanding Entrepreneurs/Enterprises conforming to the New Industrial Policy 2016. The scheme is in operation in the whole of the UT of Puducherry. The applications are accepted offline in the prescribed form available on the Official Website of the Department.
Benefits at a glance
| Scheme name | “Outstanding Entrepreneur” under “Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries – State Awards to Micro, Small and Medium Enterprises” (OE-MESIFAI-SA-MSME) |
|---|---|
| Launched by | Industries and Commerce Department, Puducherry |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State · Puducherry |
| Official portal | industry.py.gov.in (link at the end of this page) |
Key facts
| Scheme for | Infra |
|---|---|
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| Age | 18 to 80 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 80 years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
Cash Award of Rs. 2,00,000/- and a Citation.
Who qualifies
- The unit shall be functioning profitably for 3 years before the date of application.
- The unit should provide atleast 60% of employment to the people of UT of Puducherry of the total employment strength of the industrial units.
Papers to keep ready
Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate.
Registration walkthrough
Offline
The Director of Industries will invite the application for award by wide publicity.
Step 1: The industrial unit should apply for the award in the prescribed form available on the Official Website of the Directorate of Industries and Commerce, Puducherry.
Step 2: In the application form, fill in all the mandatory fields, and attach copies of all the mandatory documents (self-attest, if required).
Step 3: The unit should submit the duly filled and signed application form and the documents to the concerned authority either in person or by post.
Post-Application Process
Step 1: The applications shall be scrutinised by the Directorate of Industries and Commerce on a merit basis for the grant of state awards will be placed before the award Committee.
Step 2: The Committee for the awards will go into the merits of each case for granting the award.
Step 3: The list of selected enterprises shall be notified and informed by the Director of Industries to the enterprises to receive the awards.
Frequently asked questions
What is the geographical scope of the scheme?
This scheme operates throughout the Union territory of Puducherry.
What categories of awards are provided under "Motivation of Entrepreneurs to Start Industries and Fiscal Assistance to Industries - State Awards to Micro, Small and Medium Enterprises"?
Awards are given in categories such as Outstanding Entrepreneur, Outstanding SC/ST Entrepreneur, Innovation in Technology (Product or Process), Outstanding Exporter, and Outstanding Artisan of the Year.
What are the financial benefits provided under this scheme?under this scheme?
Recipients of the awards are granted a cash award of Rs. 2,00,000/- along with a citation.
Who constitutes the Committee responsible for granting these awards?
The Committee consists of the Director of Industries and Commerce, Puducherry as Chairman, along with members from various departments such as DSTE, Finance, District Industries Centre, and Directorate of Industries and Commerce.
What is the role of the Committee in the awarding process?
The Committee evaluates the merits of each case for the grant of the award and makes final decisions regarding the awards.
Are there any conditions for eligibility to receive these awards?
Yes, one of the conditions is that the industrial unit must provide at least 60% of employment to the people of the Union territory of Puducherry out of its total employment strength.
How are the selected enterprises notified about their eligibility for the awards?
The Director of Industries notifies and informs the selected enterprises about their eligibility to receive the awards.
What was the impetus for formulating the new Industrial Policy, 2016?
The need for a new policy arose due to factors such as the inability to achieve anticipated growth in the industrial sector after the introduction of the Industrial Policy 2013, global economic recession, and differences in taxation.
When was the Gazette notification for the new Industrial Policy, 2016 issued?
The Gazette notification for the new Industrial Policy, 2016 was issued on 4th October 2016 through G.O. Ms. No. 7/2016/Ind.A, Puducherry.
How are the awards under this scheme intended to benefit the manufacturing sector in India?
The awards aim to motivate entrepreneurs to start industries and provide fiscal assistance to industries, aligning with the Government of India's renewed emphasis on the manufacturing sector and creating additional employment opportunities for the youth.
Can MSMEs from other regions participate in this scheme?
No, this scheme specifically operates within the geographical scope of the Union territory of Puducherry.
How does the Committee evaluate the merits of each case for the award?
The Committee assesses various factors such as entrepreneurial excellence, technological innovation, export performance, and artisanal skills to determine the deserving recipients of the awards.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
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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