Outstanding Entrepreneur 2026: ₹2,00,000 Cash Award, Eligibility & How to Apply
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Quick answer
The Outstanding Entrepreneur award gives a cash prize of ₹2,00,000 and a citation to eligible industrial units in Puducherry. Units must be profitable for 3 years and employ at least 60% of local people. Apply offline through the Directorate of Industries and Commerce website.
At a glance
| Main benefit | ₹2,00,000 Cash Award |
| Ministry / department | Industries and Commerce Department, Puducherry |
| Level | State Government (Puducherry) |
| Application mode | Offline |
About the scheme
The Outstanding Entrepreneur award is part of the State Awards to Micro, Small and Medium Enterprises under the New Industrial Policy 2016. It recognises and rewards enterprises that have shown entrepreneurial excellence, contributed to employment, and adhered to the policy guidelines. The award is open to all industrial units operating within the Union Territory of Puducherry and is awarded after a merit‑based evaluation by a committee headed by the Director of Industries and Commerce.
Benefits
- Cash Award of ₹2,00,000/- and a Citation.
Who can apply (eligibility)
- Unit must have been functioning profitably for 3 years before application.
- Unit must provide at least 60% employment to people of Puducherry.
Documents required
- Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate.
How to apply
- 1Apply using the prescribed form available on the Official Website of the Directorate of Industries and Commerce, Puducherry.
- 2Fill all mandatory fields and attach copies of all mandatory documents (self‑attest, if required).
- 3Submit the duly filled and signed application form and documents to the concerned authority either in person or by post.
Frequently asked questions
What is the geographical scope of the scheme?+
The scheme operates throughout the Union Territory of Puducherry.
What categories of awards are provided?+
Awards are given in categories such as Outstanding Entrepreneur, Outstanding SC/ST Entrepreneur, Innovation in Technology (Product or Process), Outstanding Exporter, and Outstanding Artisan of the Year.
What are the financial benefits provided under this scheme?+
Recipients of the awards are granted a cash award of ₹2,00,000/- along with a citation.
Who constitutes the Committee responsible for granting these awards?+
The Committee consists of the Director of Industries and Commerce, Puducherry as Chairman, along with members from various departments such as DSTE, Finance, District Industries Centre, and Directorate of Industries and Commerce.
What are the eligibility conditions for receiving these awards?+
One of the conditions is that the industrial unit must provide at least 60% of employment to the people of the Union Territory of Puducherry out of its total employment strength.
How are the selected enterprises notified about their eligibility for the awards?+
The Director of Industries notifies and informs the selected enterprises about their eligibility to receive the awards.
NaukriZila is not a government website. Apply only on the official portal; never pay anyone to apply for a government scheme. Source: myScheme (Government of India)