Question: Give me details about Back Ended Interest Subsidy (BEIS).

Answer: .Are there any exclusions for enterprises applying for BEIS?The scheme guidelines do not provide information on exclusions.
Refer to the detailed scheme documentation for specific exclusions.How often is the interest subsidy reimbursed under BEIS?Interest
subsidy is reimbursed once in three months on a quarterly basis to the financial institutions.What is the maximum subsidy amount for
term loans up to â‚¹1,00,00,000 under BEIS?The maximum BEIS payable per loan is â‚¹10,00,000 for loans up to â‚¹1,00,00,000.How
much subsidy can a micro-enterprise receive under BEIS for term loans obtained through CGTMSE?Micro-enterprises can avail a 5%
subsidy, capped at â‚¹20,00,000, for a 5-year period on term loans up to â‚¹2,00,00,000 through CGTMSE.What is the objective of the
Back Ended Interest Subsidy (BEIS) scheme?BEIS aims to alleviate financial burdens for new micro and small manufacturing
enterprises by providing a 5% subsidy on term loans for a period of 5 years.Are there any additional charges covered by the government,
such as penal interest, for belated payments under BEIS?The government does not cover penal interest or charges for belated payments;
only the interest subsidy is considered under BEIS.Is there a specific period during which the unit should be in operation to claim the
interest subsidy under BEIS?Yes, the unit should be in operation during the claimed period for interest subsidy under the BEIS
scheme.Can existing Micro, Small, and Medium Enterprises apply for BEIS if they upgrade their plant and machinery?Yes, existing
enterprises upgrading their plant and machinery with advanced technology are eligible for BEIS under certain conditions.Sources And
ReferencesGuidelinesContact UsGrievance RedressalDocuments RequiredOkWas this helpful?News and UpdatesNo new news and
updates availableShareYou need to before applying for schemesCancelIt seems you have already initiated your application earlier.To know more please visit
CancelApply NowTamil NaduBack Ended Interest Subsidy
(BEIS)EnterpriseInterestLoanMSMESubsidyDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked
QuestionsThe scheme "Back Ended Interest Subsidy (BEIS)" by the Micro Small and Medium Enterprises Department, Government of
Tamil Nadu, is introduced with the objective of reducing financial burdens of all new micro and small manufacturing enterprises who
have already availed loans from banks/ other government organizations by assisting them through a subsidy on term loans for a period of
5 years.OkWas this helpful?ShareNews and UpdatesNo new news and updates availableÂ©2024Powered byDigital India
Corporation(DIC)Ministry of Electronics & IT (MeitY)Government of IndiaÂ®Quick LinksAbout UsContact UsScreen
ReaderAccessibility StatementFrequently Asked QuestionsDisclaimerTerms & ConditionsUseful LinksGet in touch4th Floor, NeGD,
Electronics Niketan, 6 CGO Complex, Lodhi Road, New Delhi - 110003, Indiasupport-myscheme[at]digitalindia[dot]gov[dot]in(011)
24303714Last Updated On : 28/03/2024 | v-2.1.1