Under this Scheme, interest subsidy is available as reimbursement of interest paid on term loan to existing as well as new Micro, Small and Medium Enterprises (MSME) for investment in Plant & Machinery for a period of 5 years.
@ 5% with a ceiling of Rs. 25.00 Lakhs per annum for 5 years within Municipal Corporation Area.
@ 7% with a ceiling of Rs. 30.00 Lakhs per annum for 5 years outside Municipal Corporation Area.
1% additional interest subsidy to units with 100% ownership of physically challenged or woman entrepreneurs.
1% additional interest subsidy to entrepreneurs below 35 years age on the date of sanction of loan.
New MSME of Service Sector will be eligible for @ 5% with a ceiling of Rs. 25.00 Lakhs per annum for 5 years on Term Loan of Machinery & Equipment anywhere in the State.
• Enterprise has to apply to concerned DIC within 1 year from the date of 1st disbursement of term loan or before the date of commencement of commercial production, whichever is later.
• Late submission of application will be considered subject to deduction of proportionate amount of interest subsidy from maximum ceiling.
• Subsidy will be released only after commencement of commercial production.
• Enterprise has to remain in production for 5 years from the date of commencement of commercial production.
Under this Scheme, rent subsidy is available to Micro, Small Enterprise (MSE) which is on legal rented Premises can Availed subsidy.
Assistance at rate of 65% of paid rent paid (reimbursement of rent paid) by the Enterprise with maximum limit of Rs. 1,00,000/- (one Lakh) per Annum.
• Rent must be pain in cheque/ E- Payment.
• Service and Trading Activity will not eligible under this scheme
• Rent agreement between Family Member/blood Relations will not eligible
• Assistance will be provided for Five Year
Under this scheme, New Industrial Units are provided exemption from paying Electricity Duty upto 5 years on Industrial Electricity Consumption from the date of commencement of production.
New Industrial Units will be eligible for exemption from Electricity Duty for industrial electricity consumption for 5 years from the date of commencement of production.
The Existing Industrial Units undergoing expansion will be eligible for exemption from Electricity Duty for industrial electricity consumption at the expansion Unit for 5 years from the date of commencement of production.
The subsidy is in the form of exemption, therefore, the bill amount will be reduced.
• Electricity Connection must be in the name of firm. However, for Proprietorship concern, the connection can be in the name of owner.
• Subsidy application must be submitted within 90 days from the date of commencement of production or the delay period will be deducted from the exemption period.
• The expansion should be more than 50% of existing capital investment or more than Rs. 100 crore.
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