Question: Can you explain the Revival and Rehabilitation Scheme for Defunct MSMEs and Cashew Processing Units program?

Answer: 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.The applicant
shall produce originals of any important documents if so required by the recommending/ sanctioning authority for verification.The
applicant shall execute the requisite legal agreement on Stamp paper worth â‚¹200 as and when the proposal is approved for
implementation and furnishes the signed hard copy to General Manager, District Industries Centre.The applicant shall utilize the amount
received only in the manner agreed upon as per the revival project submitted.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.Application ProcessOnlineStep 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€œRevival and Rehabilitation Scheme for Defunct MSMEs and Cashew Processing Unitsâ€​ 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 â€˜Proceedâ€™ Option.Step 05: Fill out the application form
completely and submit it.Documents Required1. Copy of Identity proof of applicant2. Udyog Aadhar/Udyam Registration3. Revival
Project Report4. Title deed of land/land tax receipt if applicable5. Ownership Certificate of the building if applicable6. Registered Lease
deed or rent deed in such cases7. Invoice/bill/Proof of payment of Plant, machinery and electrification8. Valuation of Approved Civil
Engineer/ chartered Engineer for civil construction9. Sanction order of Bank for Working Capital Loan if any10. Audited Balance Sheet
for the year before being defunct11. Any other document as demanded by the recommending/sanctioning authorityFrequently Asked
QuestionsWhat are the objectives of the scheme?The objective of the scheme is to envisage supporting defunct MSMEs in the
manufacturing sector including cashew processing units through assistance in the form of capital grants and working capital
incentives.When did this scheme launch?The Government of Kerala launched the scheme for defunct MSMEs including cashew
processing units during year 2020-21.Which is the implementing department of this scheme?Director of Industries & Commerce,
Government of KeralaWhat does â€œDefunct MSMEâ€​ means?MSMEs which are non-operational for 6 months or more but can be
revivable. In the case of units which become defunct due to the plastic ban and those who wish for diversification, the above time limit is
not applicable.What does â€œDefunct Cashew Processing Unitsâ€​ means?The â€œCashew Processing Unitsâ€​ which were defunct at
least for six months/no matter whether they have received any Government assistance or bank loan within six months and are in the
process of revival.Which MSME units are eligible to get the benefits of the scheme?All MSMEs in the manufacturing sector which are
defunct for at least 6 months due to genuine issues including cashew processing enterprises that have the potential to be revived and
rehabilitated, are eligible for assistance under the scheme.What is the benefit of the scheme?Under the scheme, financial assistance of
â‚¹15 Lakhs will be given to an applicant unit.How many times an MSME unit can avail of the assistance under the scheme?Only once,
an MSME unit can avail of assistance under the scheme.How shall an applicant unit receive assistance?The assistance under the scheme
shall be released to the eligible entrepreneur by the bank on a pro-rata basis.How can an applicant unit apply under the scheme?
Application can be submitted online 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 WebsiteGuidelinesApplication
PortalOkWas this helpful?News and UpdatesNo new news and updates availableShareSomething went wrong. Please try again
later.OkYou need to before applying for schemesCancelIt seems you
have already initiated your application earlier.To know more please visit CancelApply NowKeralaRevival and
Rehabilitation Scheme for Defunct MSMEs and Cashew Processing UnitsCashew UnitDefunct MSMEEntrepreneurFinancial
AssistanceRehabilitationRevivalDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked
QuestionsIntroduction:The trend in increasing number of defunct units is a challenge to the secondary sector. The MSMEs which have
become defunct due to genuine issues in the value chain and have potential needs to be revived and rehabilitated considering the role of
these units play in the state economy, the Government of Kerala launched a new scheme for defunct MSMEs including cashew
processing units during 2020-21. Besides the lack of improved technology, MSME units become defunct due to constraints on
marketing, competition from MNCs and global challenges etc. In the field of cashew units the processing cost is comparatively higher in
the state and competition from other countries is badly high. Most of the cashew units are in financial crunches. Process mechanization is
the only way to revive the units.Objective:The scheme envisages supporting defunct MSMEs in the manufacturing sector including
cashew processing units through assistance in the form of capital grants and working capital incentives.Definitions:Defunct MSMEs:
MSMEs which are non-operational for 6 months or more but can be revivable. In the case of units which become defunct due to the
plastic ban and those who wish for diversification, the above time limit is not applicable.Defunct Cashew Processing Units: The Cashew
Processing Units which were defunct at least for six months/no matter whether they have received any Government assistance or bank
loan within six months and are in the process of revival.OkWas this helpful?ShareNews and UpdatesNo new news and updates
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