Industrial Development Grant Scheme (IDGS)

Objectives:

  •  To generate multiplier effect of rural entrepreneurship by providing self-employment, new job opportunities, utilization of local resources and skills, raise income level, alleviate rural poverty and foster sustainable economic growth.
  •  To upgrade the level of technology and embrace modern efficient technology and enhance competitiveness.

Eligibility:

  • Production and manufacturing industries
  • Essential service industries depending on merit of the case (under-developed Dzongkhags).
  •  Existing as well as new start up industries, Cooperatives and groups that have viable business proposal.
  •  Applicant shall be eligible for only one time grant.

Amount of Grant:

  • The grant amount shall not exceed Nu. 300,000 (Ngultrum three hundred thousand only) per applicant.
    • New Startups at the Startup Center: The grant shall cover 90% of the cost of equipment/machinery or Nu.300,000 whichever is less.
    • Both Existing/New CSIs outside of Startup Center: The grant shall cover 80% of the cost of equipment/machinery or Nu.300,000 whichever is less.

Application Criteria

  • Suitability of the business to a particular location.
  • Availability of local resources.
  • Export Potential of finished product(s).
  • Potential for import substitution
  • Required skill possessed by the applicant to operate the business
  • Employment generation
  • Priority Sector as per the CSI Flagship program.
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