IPS Scheme for Marine Products Processing Units — Up to ₹50L Subsidy — Frequently Asked Questions

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.

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.

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.

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.

The unit has to be located inside the Union Territory of Dadra and Nagar Haveli & Daman and Diu.

Between May 20, 2022 and May 19, 2027 — the period during which the scheme is operative.

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.

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.

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.

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.

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.

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