Question: How much money/support does Scheme for Margin Money Grant to Nano Units give?

Answer: Benefits under Scheme for Margin Money Grant to Nano Units:

of the scheme?All new Nano proprietary enterprises in manufacturing/food processing and job works and units engaged in the
service sector having any type of value addition, whose project cost includes fixed capital and working capital up to â‚¹10 lakhs are
eligible for assistance under the scheme.What is the benefit of the scheme?Margin Money Grant of 30% to 40% of the Total Project cost
according to the category of the applicant will be provided under the scheme.What is the maximum limit of the margin money grant
under the scheme?The maximum limit of margin money grant under the scheme shall be â‚¹4 lakhs per unit.How shall assistance be
released to the eligible entrepreneur?The assistance under the scheme shall be released to the eligible entrepreneur by bank on a pro-rata
basis.Will a unit/enterprise be eligible if it has availed any grant assistance earlier under any schemes?No, the unit shall not have availed
any grant assistance earlier under any schemes of the Government of India & Government of Kerala or Local Self Government
Department.Who will be given preference in this scheme?Preference is given to special categories such as youth entrepreneurs up to the
age of 40, women, handicapped persons, ex-servicemen, and persons belonging to SC/ST.How much will the additional grant be given to
the special category?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.How can an applicant apply under the scheme?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. https://schemes.industry.kerala.gov.in/public/index.php/nanoSources And ReferencesOfficial
WebsiteGuidelinesApplication PortalApplication FormChecklistOkWas this helpful?News and UpdatesNo new news and updates
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NowKeralaScheme for Margin Money Grant to Nano UnitsEnterpriseEntrepreneurFinancial AssistanceMargin
MoneyNano UnitDetailsBenefitsEligibilityApplication ProcessDocuments RequiredFrequently Asked QuestionsThe scheme â€œMargin
Money Grant to Nano Unitsâ€​ is a loan-linked scheme operated by the Directorate of Industries and Commerce, Government of Kerala.
The scheme aims to provide financial assistance to Nano units in the State, engaged in manufacturing, job work, and service activity
having any type of value addition. Objectives:The objective of the scheme is to promote/incentivize deserving entrepreneurs in setting up
Nano enterprises within the State through Margin Money loans to Nano units for loan-linked projects. Project Cost: The Project cost
under this scheme shall include the following-Cost of land and its development including documentation charges. The cost of land and
its development shall not exceed 10% of the project cost.Cost of building. This shall not exceed 25% of the project cost.Plant &
Machinery, equipment including all accessories, tools, jigs, fixtures, essential office equipment and furniture, lab equipment, pollution
control devices, and generators.Electrification.Preliminary and pre-operative expenses which shall include Registration charges of the
firm, engineering drawings, cost of the project report, Technical know-how, and cost of technical supervision during the implementation
period. However, these preliminary and pre-operative expenses shall not exceed 10 % of the project cost.Allowance for cost escalation
(contingencies). The contingency allowance shall not exceed 10% of the cost of the item for which it is meant.Working Capital. The
working capital shall not exceed 40% of the project cost or one working cycle, whichever is lower.OkWas this helpful?ShareNews and
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