Question: I want to know about Scheme for Interest Subvention to Nano Household Enterprises. What does it offer?

Answer: and declare such information as to be true.2. The applicant shall provide clarifications of further details sought by the
recommending/sanctioning authority.3. 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.4. The applicant shall produce
originals of any important documents if so required by the Recommending/ sanctioning Authority for
verification.ExclusionsManufacturing units which are eligible to claim assistance under the Entrepreneur Support Scheme or any other
schemes of Govt. of India or Govt. of Kerala cannot apply under the scheme.Unit which has availed a special low rate of interest from
Government Agencies are not eligible for further interest subvention under this scheme.Application ProcessOnlineOfflineStep 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 â€œScheme for Interest Subvention to
Nano Household Enterprisesâ€​ from the available Online Services listed on the home page and click on the â€œApply Nowâ€​ option.
Clicking â€œApply Nowâ€​ redirects to the Login Page, if the user is a â€œnew userâ€​, use the â€œRegistrationâ€​ option and if already
registered use the â€˜Loginâ€™ 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 â€œNew Applicationâ€​ and click on the â€˜Proceedâ€™
Option.Step 05: Fill out the application form completely and submit it.Documents Required1. Copy of identity proof of the applicant2.
Statement from bank3. Bank statement file from the bank4. Amount statement file from bank5. Declaration of Promoter with Sign6.
Annexure -II- Recommendation of the Financial institution7. Any other document as demanded by the recommending/sanctioning
authority Frequently Asked QuestionsWhat is the aim of the scheme?The aim of the scheme is to provide financial assistance in the form
of interest subvention to Nano and household enterprises on a reimbursement basis for the term loan availed by the unit.What are the
objectives of the scheme?The objective of the scheme are: i. To generate employment opportunities in households through new self-
employment projects (Nano/Household units). ii. To aggregate household/Nano units 85 increase the extent of potential employment. iii.
To provide continuous and sustainable employment and increase the wage earning capacity of unorganized /household/units. iv. To
address specific issues not covered under similar schemes of the Government of India/Government of Kerala. v. The new scheme for
providing financial assistance to Nano and household units is to support units with a capital investment of â‚¹10 Lakhs or less for
manufacturing units engaged in job work and units engaged in service sector activities having any type of value addition in physical form
by using machinery or equipment. The assistance is by way of interest subvention on the term loan availed for a period of three years on
a reimbursement basis. vi. The assistance is provided for the first three years after the units are set up. In the first year assistance is given
without considering prompt repayment. During the 2nd and 3rd year interest subvention is accorded if the loan is not classified by the
bank as NPA. Thus it is a big relief in the early stages of business. vii. The unit will be monitored for financial health and symptoms of
sickness can be found out well on time. viii. The units engaged in job work were hitherto not eligible for any sort of financial assistance
other than under PMEGP.Which is the implementing department of this scheme?Director of Industries & Commerce, Government of
KeralaWhich types of enterprises are eligible to get the benefits of the scheme?A unit/enterprise which satisfies the following conditions
is eligible for the scheme: â€¢ The fixed capital investment is 10 lakh or less. â€¢ Engaged in manufacturing, services, or job work. â€¢
In the white and the green category as per pollution control norms. â€¢ Connected load is 5 HP or less.What is the benefit of the scheme?
The unit will be provided interest subvention to an extent of 6% per annum for the term loan availed by the unit on a reimbursement
basis for three years.What is the percentage of interest subvention given to the special category enterprises?For women and SC/ST
enterprises, the interest subvention will be 8% for three years.Shall the subvention be passed in the event of default of repayment of the
loan?No, in the event of default of repayment of the loan with interest at the end of 1st year, the subvention will not be passed. The same
is applicable for 2nd and 3rd years.What are activities & services included in the Negative List?Photo Studios and Colour Processing
Centres, Breweries and Distilleries of all types, Sawmills, Soap Grade Sodium Silicate, Asbestos processing except units in which the
quantum of asbestos used in the production process is less than 25% and environmental and occupational health hazards have been taken
care of the satisfaction of authorities concerned, Metal Crushers including Granite Manufacturing units, All types of Steel Re-rolling
Mills, Units manufacturing iron ingots, Calcium Carbide, Cement manufacturing except units manufacturing cement from fly ash,
Potassium Chlorate, Cashew industrial units, Power intensive units based on electro-thermal/electrochemical processor units where total
power requirement exceeds 5000 KVA of contract load or where the cost of power is more than 33% of cost of production of the items
manufacture except where the units Which type of manufacturing units cannot apply under the scheme?Manufacturing units which are
eligible to claim assistance under the Entrepreneur Support Scheme or any other schemes of Govt. of India or Govt. of Kerala cannot
apply under the scheme.Can a unit which has availed low rate of interest from Government Agencies be eligible for interest subvention
under this scheme?No, a unit which has availed special low rate of interest from Government Agencies are not eligible for further interest
subvention under this scheme.How can an applicant apply under the scheme?Application can be submitted online or in person to the
Assistant District Industries Officer, Taluk Industries Office concerned with all supporting documents. Online application can be
submitted through the Official website of the Directorate of Industries & Commerce, Government of Kerala.
https://schemes.industry.kerala.gov.in/public/index.php/schemesSources And ReferencesOfficial
WebsiteGuidelinesAmendmentApplication PortalOkWas this helpful?News and UpdatesNo new news and updates
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NowKeralaScheme for Interest Subvention to Nano Household EnterprisesEmploymentEnterprisesInterest
SubventionNano HouseholdTerm LoanDetailsBenefitsEligibilityExclusionsApplication ProcessDocuments RequiredFrequently Asked
QuestionsThe scheme â€œScheme for Interest Subvention to Nano Household Enterprisesâ€​ has been introduced to promote the Nano
and household enterprises in the state. The scheme intends to provide financial assistance in the form of interest subvention to Nano and
household enterprises on a reimbursement basis for the term loan availed by the unit. The units engaged in manufacturing, services as
well and job work can apply under the scheme.Objectives:To generate employment opportunities in households through new self-
employment projects (Nano/Household units)To aggregate household/Nano units 85 increase the extent of potential employment.To
provide continuous and sustainable employment and increase the wage earning capacity of unorganized /household/units.To address
specific issues not covered under similar schemes of the Government of India/Government of Kerala.The new scheme for providing
financial assistance to Nano and household units is to support units with a capital investment of â‚¹10 Lakhs or less for manufacturing
units engaged in job work and units engaged in service sector activities having any type of value addition in physical form by using
machinery or equipment. The assistance is by way of interest subvention on the term loan availed for a period of three years on a
reimbursement basis.The assistance is provided for the first three years after the units are set up. In the first year assistance is given
without considering prompt repayment. During the 2nd and 3rd year interest subvention is accorded if the loan is not classified by the
bank as NPA. Thus it is a big relief in the early stages of business.The unit will be monitored for financial health and symptoms of
sickness can be found out well on time.The units engaged in job work were hitherto not eligible for any sort of financial assistance other
than under PMEGP.Indicative List of Service Activities: The list which is given below is indicative; not exhaustive. Similar activities in
the service sector having any type of value addition which is recommended by the District Level Committee will be also
eligible.Processing, Preserving & packaging of Meat & Fish.Processing and preserving of fruits and vegetables.Embroidery work and
other ornamental trimmings.Metal-working service activities & repair of fabricated metal products.Repair & Services of Computers &
peripheral equipment, projectors, Mobile phones, TVs, A/C, Video Cameras, Watches. Clocks, other electronic equipment & other
household equipment.Electrical Welding & SolderingLaundry Services / Dry cleaning.Photo copyingRepair and servicing and alteration
of Motor Vehicles and related parts and accessories.Tyre re-treadingUpholstery workRepair & maintenance of boats, fishing boats,
vessels and other floating structures.Repair & maintenance of structural productsRepair & maintenance of pipes & pipelinesRepair &
maintenance of metal tanks, reservoirs etc.Repair of machinery engines, pumps and related equipment.Treatment & disposal of waste of
all kinds.Other information service activitiesRecyclingWorkshopNegative List:Photo Studios and Colour Processing Centres, Breweries
and Distilleries of all types, Sawmills, Soap Grade Sodium Silicate, Asbestos processing except units in which the quantum of asbestos
used in the production process is less than 25% and environmental and occupational health hazards have been taken care of the
satisfaction of authorities concerned, Metal Crushers including Granite Manufacturing units, All types of Steel Re-rolling Mills, Units
manufacturing iron ingots, Calcium Carbide, Cement manufacturing except units manufacturing cement from fly ash, Potassium
Chlorate, Cashew industrial units, Power intensive units based on electro-thermal/electrochemical processor units where total power
requirement exceeds 5000 KVA of contract load or where the cost of power is more than 33% of cost of production of the items
manufacture except where the units generate their power requirement in excess of 5000 KVA of contract load by own captive
power.OkWas this helpful?ShareNews and UpdatesNo new news and updates availableÂ©2024Powered byDigital India
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24303714Last Updated On : 28/03/2024 | v-2.1.1