Scheme Sponsor: Directorate of Industries and Commerce

Target Group: All new Nano proprietary enterprises in manufacturing / food processing and
job works and units engaged in service sector.

About the Scheme:
The plan offers help to newly established Nano proprietary businesses involved in
manufacturing, food processing, job works, and service sector units that add value. Projects
costing up to Rs. 10 lakhs, including fixed capital and operating capital, are eligible for this
assistance. Special categories including women, people with disabilities, former service
members, and SC/ST members are given preference. Under the program, priority is also
granted to young entrepreneurs up to the age of 40. Women entrepreneurs will make up thirty
percent of the program’s recipients.

Assistance Pattern:

1. Units with project costs up to ₹10 Lakhs will be covered in the scheme.
2. Margin Money Grant of 30% to 40% of the Total Project cost according to the category of
   the applicant.
3. Women, Youth (Age between 18 and 40), Differentially-Abled Persons, Ex-Servicemen,
   and persons belonging to the SC/ST category will be eligible for a 10% additional Grant.
4. The maximum limit of margin money grant under the scheme shall be ₹4 lakhs per unit as
   follows.
   a. Loan given by financial institution/KFC/Co-operative bank: Minimum 40 % of the
   project cost
   b. Promoter’s contribution: Minimum 30 % of the project cost
   c. Margin money grand by Industries department: 30 % of the project cost limited to a
   maximum of 3 lakhs
   d. In case of special categories MMG will be 40 % of the project cost limited to a
   maximum of 4 lakhs and promoter’s contribution shall be 20%.
   

Requirements for Application:

• The applicant shall provide all required details and declare such information as to be true.
• The applicant shall provide clarifications of further details sought by the recommending/ sanctioning authority.
• The applicant shall allow inspection or verification of any details mentioned in the application including plant and machinery and all other assets if so required by recommending/sanctioning authority.
• Applicants shall produce originals of any important documents if so required by the recommending/ sanctioning authority for verification including:
• Title deed of land/land tax receipt if any/Lease agreement/rent agreement as the case
• may be.
• Ownership Certificate of the building if any.
• Invoice or bill of Plant and machinery.
• The applicant shall execute the requisite legal agreement online and if required on paper as and when the proposal is approved for implementation and furnish the signed hard copy subsequently via post or otherwise.
• The applicant shall utilize the amount received only in the manner agreed upon.
• The applicant shall operate the unit as stipulated in the agreement in which the quantum of support received, failing which the assistance shall be resumed by restoring the provisions of the Kerala Revenue Recovery Act.

More Information on: https://industry.kerala.gov.in/index.php/schemes-mainmenu/margin-
money-grand-to-nano-units-schemes
Apply on: https://schemes.industry.kerala.gov.in/public/index.php/schemes