Scheme Name: Interest Subsidy Scheme for MSMEs

State: Punjab

Description of the Scheme:

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: i) Interest Subsidy on term loan in Border Districts and Kandi Area
Interest subsidy at 5% p.a. only in Border Districts and Kandi Area subject to maximum of Rs.10 lakhs per year for 3 years.
ii) Apparel & made?ups and technical textiles
Additional support to units under Amended Technology Upgradation Fund (A-TUF) scheme of GoI, by way of 5% interest subsidy for apparel and made ups and technical textiles for 3 years' subject to a maximum of Rs.10 lakhs per year
iii) Interest Subsidy on term loan to SC entrepreneur/ Women entrepreneur in the MSME sector
Interest subsidy on term loan at 5% p.a. to units owned by SC entrepreneur/Women entrepreneur subject to maximum of Rs.10 lakhs per year for 3 years for micro, small & medium enterprise. iv) Interest Subsidy for start-ups
Interest subsidy at 8% per annum for a period of 5 years on the rate of interest paid on loans obtained from scheduled banks/financial institutions subject to maximum limit of Rs.5 lakhs per annum.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply:

http://investpunjab.gov.in/Content/documents/Notifications/Detailed_Schemes_and_Operational_Guidelines.pdf

Whom to Contact: General Manager, District Industries Centre