IPS 2022 — Vaccine Manufacturing Units Scheme (Up to ₹13 Cr) — Frequently Asked Questions

There are two components. The credit-linked interest subsidy covers 70% of the interest your bank charges, capped at ₹60 lakh a year and available for five years or until the loan is repaid, whichever is earlier. The capital investment subsidy pays 15% of your investment up to ₹10 crore. Added together, a single eligible unit can receive up to ₹13 crore.

There is no single closing date for the scheme — it stays open from 20 May 2022 to 19 May 2027 and applications are accepted on a rolling basis. What matters more is the window for your own project: you must apply online within one year of the first disbursement of your term loan, or by the date commercial production begins, whichever is later.

New vaccine manufacturing enterprises qualify, and so do existing enterprises that begin commercial production during the operative period of the scheme. If you are going the expansion or diversification route, the investment must exceed 50% of your Gross Fixed Capital Investment, with at least 60% of it going into plant and machinery. Units must be located in Dadra & Nagar Haveli and Daman & Diu.

No. Both the interest subsidy and the capital investment subsidy are subsidies, not investments, so the department does not take a stake and nothing has to be repaid. Your ownership of the business stays exactly as it is.

Yes for the interest subsidy — it is credit-linked, meaning it is tied to a term loan sanctioned by a bank or financial institution as per RBI guidelines. A loan sanctioned more than one year after commercial production starts will not qualify for the interest subsidy. You must also bear at least 2% of the interest charged on that loan yourself.

The capital investment subsidy is calculated on your Gross Fixed Capital Investment in new buildings and in plant, machinery and equipment. Land is specifically excluded from the calculation. On that eligible investment you receive 15%, subject to a maximum of ₹10 crore.

No. During the policy period only one of the two activities — expansion or diversification — is eligible for subsidy. You will need to decide which one your investment plan is built around before you apply.

You must submit information on production, sales, turnover and employment to the concerned District Industries Centre every year before the end of September, and you must follow the pollution control measures set by the PCC or another competent authority. You also have to stay in production for five years from the date commercial production begins. If production stops before that, the capital investment subsidy is recovered.

Applications go through the online Single Window Portal. Register at https://swp.dddgov.in/registration, complete the fields, verify your email through the link sent to your inbox (check spam if it does not arrive), and verify your mobile number using the OTP 111111. Your login credentials, a mobile number and a PIN, are then emailed to you. Log in at https://swp.dddgov.in/login, open the "Departments & Services" tab in the left-hand menu, scroll to "District Industries Centre DD & DNH", and click "Click Here" for Investment Promotion Scheme: 2022 to 2027 (20 May 2022 to 19 May 2027). Fill the Common Application Form, upload the mandatory documents, review everything and submit. The District Industries Centre helpdesk handles general queries, and a separate helpdesk supports technical issues on the Single Window Portal.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for IPS 2022 — Vaccine Manufacturing Units Scheme (Up to ₹13 Cr), though having it can strengthen your application and unlock other benefits.

IPS 2022 — Vaccine Manufacturing Units Scheme (Up to ₹13 Cr) is offered by Department of Industries, UT Administration of Dadra and Nagar Haveli and Daman and Diu, a government body. It is provided as non-dilutive funding.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.