IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy
A credit-linked interest subsidy for new and expanding marine products processing MSME units in Dadra & Nagar Haveli and Daman & Diu, covering 60% of loan interest up to ₹50 lakh a year for five years.
- Funding amount
- ₹50L (subsidy)
- Funding type
- Subsidy
- Provider
- Department of Industries, UT Administration of Dadra and Nagar Haveli and Daman and Diu (Government)
- Application deadline
- 19 May 2027
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Scheme for Marine Products Processing Units is one of the sub-schemes operating under the Union Territory's Investment Promotion Scheme (IPS) for Thrust Sectors. It is administered by the Department of Industries, UT Administration of Dadra and Nagar Haveli and Daman and Diu, and its single focus is to make borrowed capital cheaper for marine products processing businesses that are setting up or scaling up inside the region.
The scheme was first notified on July 3, 2015. Its current window runs from May 20, 2022 to May 19, 2027, which is also the period within which supported units must begin commercial production.
The parent IPS works on broader industrial objectives — drawing more women into business, bringing local unemployment down, and giving industries a reason to hire resident labour, across thrust sectors that include furniture manufacturing. This marine products sub-scheme takes a narrower and more practical route: it pays a credit-linked interest subsidy against the loan funding the project, so the repayment burden eases and the investment case becomes easier to make.
Highlights
- Interest subsidy covering 60% of the interest on the unit's loan
- Capped at ₹50 lakh per annum
- Paid for 5 years or until the loan is repaid, whichever is earlier
- Open to new marine products processing units and existing MSME units expanding or diversifying
- Unit must be located in Dadra & Nagar Haveli and Daman & Diu
- Commercial production must start between May 20, 2022 and May 19, 2027
Who can apply
A unit has to satisfy several conditions together to qualify.
- Stage and sector: it must be a new manufacturing or service unit, or an existing manufacturing or service unit going in for expansion or diversification, operating within the MSME sector. The sub-scheme is aimed at marine products processing activity.
- Production timeline: commercial production must have begun between May 20, 2022 and May 19, 2027.
- Location: the unit must be situated in the Union Territory of Dadra and Nagar Haveli & Daman and Diu.
- Application window: the online application must be filed within one year of the first loan disbursement, or on or before the date commercial production starts — whichever falls earlier.
IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Applications for IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy are open and the current deadline is 19 May 2027. Deadlines can change — always reconfirm on the official source before submitting.
What the funding covers
Support here comes as a credit-linked interest subsidy, which means the benefit is tied to the loan a unit raises for its marine products processing project rather than being paid out as a standalone grant.
- Subsidy rate: 60% of the interest payable on the loan.
- Annual ceiling: a maximum of ₹50 lakh per annum.
- Duration: 5 years, or until the loan is fully repaid — whichever comes first.
Because the subsidy is calculated against interest actually paid, the benefit scales with the borrowing. For a processing unit, that translates into a substantially lower effective cost of credit through the early, cash-heavy years of a new plant or an expansion.
About the provider
IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy is offered by Department of Industries, UT Administration of Dadra and Nagar Haveli and Daman and Diu, a government body. As a government-backed subsidy, it is publicly funded and open to eligible startups across India.
Documents you’ll need
Before you apply to IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy, keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy is best suited for startups in India seeking non-dilutive funding of ₹50L. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much funding can a unit receive under this scheme?
The benefit is a credit-linked interest subsidy covering 60% of the interest on the unit's loan, subject to a ceiling of ₹50 lakh per annum. It is not a single lump-sum payout — the subsidy runs alongside the loan for up to five years or until repayment is complete, whichever comes first.
How long does the interest subsidy continue?
For a maximum of 5 years, or for the period over which the loan is being repaid, whichever is shorter. Once the loan is fully repaid, the subsidy stops.
Does the scheme take equity or a stake in my company?
No. This is a subsidy — specifically an interest subsidy linked to your loan. It is not an equity investment, and no shares or ownership stake are given up in exchange for the support.
Which units are eligible to apply?
The scheme is meant for marine products processing units that are either new manufacturing or service units, or existing manufacturing or service units going in for expansion or diversification, and that fall within the MSME sector. They must be based in the UT of Dadra and Nagar Haveli & Daman and Diu and must have started commercial production within the scheme's operative period.
Where must the unit be located?
The unit has to be located inside the Union Territory of Dadra and Nagar Haveli & Daman and Diu.
When should commercial production have started?
Between May 20, 2022 and May 19, 2027 — the period during which the scheme is operative.
What is the application deadline?
There is no single cut-off date that applies to every applicant. The application must be submitted online within one year of the first disbursement of the loan, or on or before the date commercial production begins, whichever is earlier. The scheme itself stays in force up to May 19, 2027.
Is DPIIT recognition or MSME/Udyam registration compulsory?
The eligibility conditions require the unit to be in the MSME sector, but they do not separately lay down a DPIIT recognition or Udyam registration requirement. Since the online Common Application Form asks for mandatory documents to be uploaded, it is worth confirming the exact paperwork with the District Industries Centre DD & DNH before you file.
How and where do I apply?
Applications are handled online through the Union Territory's single-window portal.
- Register at https://swp.dddgov.in/registration by filling in the required details and clicking 'Register'.
- Verify your email through the link that is sent to you (check the spam folder if it does not arrive), then verify your mobile number by entering 111111 as the OTP. Your mobile number and PIN will be emailed to you.
- Log in at https://swp.dddgov.in/login using your registered mobile number and the PIN.
- From the left menu bar, open the 'Departments & Services' tab, scroll to 'District Industries Centre DD & DNH' and click 'Click Here' to apply for Investment Promotion Scheme: 2022 to 2027.
- Complete the Common Application Form, upload all mandatory documents, re-check every detail and hit 'Submit'.
The official scheme notification is also available at https://swp.dddgov.in/assets/pdf/Notification_IPS_2022_DNH_DD.pdf.
What is the Investment Promotion Scheme (IPS) for Thrust Sectors?
It is the Union Territory's umbrella investment promotion framework, under which this marine products sub-scheme operates. The IPS targets designated thrust sectors — furniture manufacturing among them — and pursues objectives such as increasing women's participation in business, reducing local unemployment and encouraging industries to employ resident labour. The marine products processing sub-scheme is the portion dedicated to that particular industry.
Who offers IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy?
IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy 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.
How do I apply for IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
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