State Schemes for MSMEs

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Scheme Name: Assistance for Interest Subsidy

State: Dadra Haveli

Description of the Scheme: Loan sanctioned by bank or financial institution for the industry located in UTs as per RBI guidelines will be eligible.
Enterprise shall opt for date of eligibility of interest subsidy either from the date of first disbursement of loan or from the date of commencement of commercial production whichever is later.
If enterprise becomes defaulter in payment of interest or installment of term loan to bank/financial institution as per guidelines of RBI, such default period will be deducted from the period of five years.
Interest subsidy will not available for penal interest or any other charges.
Total quantum of interest subsidy (UT + Central) in any case shall not exceed the total interest paid to bank/financial institution.
Enterprise will have to remain in production for 5 years from the date of commercial prediction.
Scheme is applicable to new MSMEs as well as expansion/ diversification of the project during operative period of the scheme.
Interest subsidy will be for 5 years i.e., 31? March, 2020 or for the period of repayment of loan

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: Quantum of interest subsidy. Interest subsidy at 5% with an upper ceiling of Rs.30 lakhs per annum for a period of 5 years.

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

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

How to apply: Concerned District Industry Center of the respective District

Whom to Contact: Concerned District Industry Center of the respective District

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