Scheme Sponsor: Directorate of industries and Commerce
Mode of Assistance: Financial Assistance
Target Group: The units engaged in the manufacturing, services as well as job work
About The Scheme:
The purpose of this program is to support home and Nano businesses throughout the state.
The goal of the program is to give household and nano businesses financial support in the
form of interest subsidies in exchange for the term loans that the unit has taken out.
Applications for the program are open to organizations that perform job work, manufacturing,
and services. Applications can be sent online or in person, along with any necessary
supporting documentation, to the Assistant District Industries Officer at the Taluk Industries
Office.
Assistance Pattern:
1.The unit will be eligible for interest subvention to an extent of 6% per annum for the term
loan availed by the unit on a reimbursement basis for three years.
2.For women and SC/ST enterprises, the interest subvention will be 8% for three years.
- The assistance shall be limited to the fixed percentage of the composite investment upon
(a) plant & machinery,
(b) other fixed assets including essential office equipment and
(c) Electrification cost of Land and Building shall not be included in the Fixed Capital
Investment under this scheme.
Application Process:
Step 01: Application can be submitted online through the Official website of the Directorate
of Industries & Commerce, Government of Kerala. The applicant needs to visit the official
website.
Step 02: The applicant may select the scheme “Scheme for Interest Subvention to Nano
Household Enterprises” from the available Online Services listed on the home page and click
on the “Apply Now” option. Clicking “Apply Now” redirects to the Login Page, if the user is
a “new user”, use the “Registration” option and if already registered use the ‘Login’ option.
Step 03: A new user can register by filling in his/her details and after successful registration,
the user can login.
Step 04: After successful login, the applicant needs to select “New Application” and click on
the ‘Proceed’ Option.
Step 05: Fill out the application form completely and submit it.
Apply on: https://industry.kerala.gov.in/index.php/schemes-mainmenu/interest-subvention-
scheme-to-nano-units-schemes
More Information on : https://industry.kerala.gov.in/index.php/schemes-mainmenu/interest-
subvention-scheme-to-nano-units-schemes