Motivation of Unemployed Persons to Start Self-employed Enterprises
The scheme “Motivation of Unemployed Persons to Start Self-employed Enterprises” by the Dept of Industries and Commerce, UT of Puducherry was introduced to encourage self-employment among the youth in manufacturing and service activities, supporting the growing economy of Puducherry.
About This Scheme
The scheme “Motivation of Unemployed Persons to Start Self-employed Enterprises” by the District Industries Centre, Department of Industries and Commerce, UT of Puducherry was introduced to encourage self-employment among the youth in manufacturing and service activities, supporting the growing economy of the Union Territory of Puducherry.
Benefits
Quantum of Loan
Ranging from ₹10,000 to ₹2,00,000.
Subsidy
50% of the project cost (excluding preliminary and pre-operative expenses) for projects not exceeding ₹10,000.
25% of the project cost (excluding preliminary and pre-operative expenses), subject to a maximum of ₹25,000, for projects exceeding ₹10,000 but less than ₹2,00,000.
Interest
Normal bank rate of interest on the date shall be charged.
Disbursement
The disbursement of the loan will be done once the beneficiary completes the formalities required by the banks for their project.
Eligibility Criteria
The applicant’s age should align with the existing norms of banks.
The applicant should be able to read and write fluently.
The applicant should be a permanent resident of the area for at least 3 years.
All economically viable service and industrial activities are eligible.
Application Process
Apply Offline
Step 1: The interested applicant should take print of the
prescribed format
of the application form.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: The interested applicant should visit (on a working day, and during office hours) the General Manager of the District Industries Centre (Thattanchavady, Puducherry – 605 009, 2248391, 2249392, 2248987, dic_pdy@bsnl.in), and submit the duly filled and signed application form and the documents to the concerned authority.
Step 4: On receipt of the application, necessary entries will be made in the application receipt register and a unique number is assigned to the applicant for identifying each applicant which shall be used for all further references and also as acknowledgement for the receipt of the application.
*The filled applications will be scrutinized and called for an interview once a quarter. The successful candidates’ applications will be forwarded to the respective banks for further action.
Official Source: View on myScheme.gov.in
Benefits
Quantum of Loan
Ranging from ₹10,000 to ₹2,00,000.
Subsidy
50% of the project cost (excluding preliminary and pre-operative expenses) for projects not exceeding ₹10,000.
25% of the project cost (excluding preliminary and pre-operative expenses), subject to a maximum of ₹25,000, for projects exceeding ₹10,000 but less than ₹2,00,000.
Interest
Normal bank rate of interest on the date shall be charged.
Disbursement
The disbursement of the loan will be done once the beneficiary completes the formalities required by the banks for their project.
Application Process
Apply Offline
Step 1: The interested applicant should take print of the prescribed format
of the application form.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: The interested applicant should visit (on a working day, and during office hours) the General Manager of the District Industries Centre (Thattanchavady, Puducherry - 605 009, 2248391, 2249392, 2248987, dic_pdy@bsnl.in), and submit the duly filled and signed application form and the documents to the concerned authority.
Step 4: On receipt of the application, necessary entries will be made in the application receipt register and a unique number is assigned to the applicant for identifying each applicant which shall be used for all further references and also as acknowledgement for the receipt of the application.
*The filled applications will be scrutinized and called for an interview once a quarter. The successful candidates' applications will be forwarded to the respective banks for further action.
References & Official Links
Scheme Details
| Full Name | Motivation of Unemployed Persons to Start Self-employed Enterprises |
| Short Title | MUPSSEE |
| Level | State |
| Scheme For | Individual |
| Categories | Business & Entrepreneurship |
| States | Puducherry |
| Gender | All |
| Age Range | 3 — Any years |
| Area | Both |
| Source | myScheme.gov.in ↗ |