Assistance for Technology Acquisition

Key facts

Benefit	50% grant, max ₹10 lakh
Who	Entrepreneurs in Puducherry
How paid	Through banks or directly to entrepreneurs
Implemented by	Industries and Commerce Department, Puducherry
Official portal	http://www.dic.puducherry.gov.in
Application window	Open all year for eligible entrepreneurs in Puducherry.

Benefits

Beneficiaries can receive a one-time grant of up to ₹10,00,000, covering 50% of the technology acquisition costs. This subsidy can be used for creating fixed assets or working capital.

Who can apply

For: entrepreneur
Resident of Puducherry
poor household
not income tax payer

Entrepreneurs residing in Puducherry can apply for this scheme, provided they belong to poor households and are not income tax payers. Existing units seeking to improve their production process or introduce new products are also eligible.

How to apply

Applications must be submitted offline using the prescribed form available on the official website of the Directorate of Industries and Commerce, Puducherry.

Register the claim for the grant in the prescribed form available online.
Fill in all mandatory fields in the application form and attach required documents.
Submit the completed application form and documents to the relevant authority.
Request a receipt or acknowledgment from the authority upon submission.

Apply on the official website ↗

Documents required

Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate
Loan Sanction Letter
Receipt for the Payment to the Technology-Providing Institution/Agency
Chartered Accountant Certificate for the Payment Made to the Quality Certifying Agency / Patent Attorney / Technical Providing Institution & Agency
Approval Copy Obtained from the Director of Industries after Signing the Memorandum of Understanding (MOU) with the Technology-Providing Institution/Agency

Common problems and how to fix them

Problem	What to do
Application rejected	Ensure all mandatory fields in the application form are filled and all required documents are attached.
Payment not received	Check with the concerned authority for the status of the application and ensure that the application was submitted with a receipt.

Frequently asked questions

What is the employment requirement for eligibility?

At least 60% of the total employment must be provided to residents of Puducherry.

What documents are needed to apply?

Required documents include the Entrepreneurs Memorandum Part-2, Loan Sanction Letter, payment receipts, and approval from the Director of Industries.

Is there a deadline for application submission?

New units must apply within one year of obtaining the Entrepreneurs Memorandum, while existing units have one year from completing expansion or modernization.

Can existing units apply for new technology?

Yes, existing units can apply if they are introducing new products or improving their production processes.

What happens after submitting the application?

The application will be scrutinized by the Directorate of Industries, and a recommendation will be made to the State Level Committee for approval.

Always confirm the latest details on the official portal before applying.