Assistance for Technology Acquisition — 50% Grant Up to ₹10L, Puducherry — Frequently Asked Questions

It funds the acquisition of appropriate technology by an industrial unit in Puducherry, where that technology is meant for developing a specific product or for improving a production process. The technology can take any form.

The scheme covers 50% of the technology acquisition cost. The maximum payable is ₹10,00,000.

Industrial units in the Union Territory of Puducherry are eligible. A new unit can apply when it wants to set up with new technology, and an existing unit can apply when it is launching a new product or improving its production process.

The cut-off is 1 April 2017. Units that commenced commercial production on or after that date are treated as new industries, while those that commenced before it are treated as existing units.

Yes. The unit has to provide at least 60% of its total employment to residents of the Union Territory of Puducherry, and it must keep that share for five years, counted from the date of application or disbursement.

No. Fixed assets, including plant and machinery, cannot be transferred or disposed of for five years from the date of application or disbursement.

No. This is a grant, so no equity is taken in the unit and the amount does not have to be repaid.

If the unit's project was financed by a bank or financial institution, the grant goes through that institution and is adjusted against the existing loan or directed towards additional fixed assets or working capital. Units that financed themselves receive the money directly.

Yes. Additional investments made by a new or existing unit after it has availed a first claim remain eligible for subsidy, up to the ceiling limit of the scheme.

There is no fixed deadline. The scheme runs on a rolling basis and claims are accepted throughout the year.

Applications are submitted offline. Take the prescribed form from the official website of the Directorate of Industries and Commerce, Puducherry, fill in every mandatory field, attach self-attested copies of the required documents and submit the signed set to the concerned authority. Ask for an acknowledgement and make sure it notes the submission date and time and, if applicable, a unique identification number.

The Directorate of Industries scrutinises it on merit and determines the admissible amount. The case then goes to the State Level Committee, which reviews the merits, decides whether the unit qualifies, and recommends how much assistance should be given.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Assistance for Technology Acquisition — 50% Grant Up to ₹10L, Puducherry, though having it can strengthen your application and unlock other benefits.

Assistance for Technology Acquisition — 50% Grant Up to ₹10L, Puducherry is offered by Industries and Commerce Department, Government of Puducherry, 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.