INTEREST SUBSIDY SCHEME

INTEREST SUBSIDY SCHEME

INTEREST SUBSIDY SCHEME
QUANTUM OF ASSISTANCE
NEW MICRO & SMALL ENTERPRISES
5% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per year for 5 years in C & D Categories Blocks

5% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per year for 3 years in B Categories Blocks

6% for woman/SC/ST led Micro Enterprise on term loan or maximum up to INR 20.00 lakh per year for 5 years in B, C & D Categories Blocks.

Expansion/Diversification: 5% for existing Micro and Small Enterprises which have made additional investment at least 50% in plant and machinery in one go for expansion/ diversification of existing unit, one time during operational period of the scheme.


NEW MICRO & SMALL ENTERPRISES UNDER THRUST SECTORS/ IMPORT SUBSTITUTION
6% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per year for 7 years in C & D Categories Blocks
6% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per year for 5 years in B Categories Blocks

Expansion/Diversification: 6% for existing Micro and Small Enterprises which have made additional investment at least 50% in plant and machinery in one go for expansion/ diversification of existing unit, one time during operational period of the scheme.

NEW MICRO & SMALL ENTERPRISES UNDER THRUST SECTORS/ IMPORT SUBSTITUTION
6% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per year for 7 years in C & D Categories Blocks
6% for Micro and Small Enterprises on term loan or maximum up to INR 20.00 lakh per year for 5 years in B Categories Blocks
Expansion/Diversification: 6% for existing Micro and Small Enterprises which have made additional investment at least 50% in plant and machinery in one go for expansion/ diversification of existing unit, one time during operational period of the scheme.

NEW AGRO-BASED, FOOD PROCESSING & ALLIED INDUSTRY/BIO ENERGY FROM AGRICULTURAL RESIDUE.
7% for Micro, Small and Medium Enterprises up to INR 20.00 lakh per year for 7 years in C & D Categories Blocks
7% for Micro, Small and Medium Enterprises on term loan or maximum up to INR 20.00 lakh per year for 5 years in B Categories Blocks

Expansion/Diversification: 7% for existing Micro, Small and Medium Enterprises which have made additional investment atleast 50% in plant and machinery in one go for expansion/ diversification of existing unit, one time during operational period of the scheme.

Thrust Sectors: The State has identified the following 08 thrust sectors:
(a) Auto, Auto Components & Light Engineering
(b) Agro-based, Food Processing & Allied Industry
(c) Textiles and Apparels
(d) Electronics System Design & Manufacturing (ESDM)
(e) Defense and Aerospace Manufacturing
(f) Pharmaceutical & Medical Devices
(g) Chemical and Petrochemical
(h) Large Scale Energy and Data Storage
Note.— The list of Thrust sectors shall be amended by HEPB from time to time

ELIGIBILITY
Loan acquired after 01.01.2021, shall be eligible under the scheme.

Time Limit to apply
Within three months of the closing of the financial year for which incentive is claimed.