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Programmes (Schemes)
1)
State Investment Subsidy
Objective:
To attract investment in industrial sector Govt of Kerala
is providing assistance in the form of incentive based
on the fixed capital investment made.
Eligibility: All new units, tiny, small, medium
or large industrial units.
Pattern
of Assistance:
|
Thrust (priority) sector industries (Rubber based
industries, IT, Agrobased business including food
processing, Readymade garments, Tourism, Ayurvedic
Medicines, Mining, Marine Products, Light Engineering,
Biotechnology and 100% EOUS) |
15% of fixed capital investment subject to a ceiling
of Rs. 15.00 lakhs |
|
Certain other units |
10% of fixed capital investment subject to a ceiling
of Rs. 5 lakhs. |
|
Units set up in Idukki / Wayanad and notified industrial
areas for priority sector |
25% of fixed capital investment subject to a maximum
of Rs. 25 lakhs |
|
Units set up in Idukki / Wayanad and notified industrial
areas for non priority sector |
10% of fixed capital investment subject to a ceiling
of Rs. 10 lakhs |
|
Tiny and SSI units established by entrepreneurs belonging
to SC/ST, Women, Physically handicapped person &
Ex-Service men |
An additional investment subsidy of 5 % of the value
of fixed capital investment subject to a ceiling of
Rs. 1.00 lakhs |
|
Investment in pollution control devices |
Eligible for an additional 15% subsidy, subject to
a separate ceiling of Rs.5 lakhs. |
Existing units undertaking expansion, diversification
and modification shall also be eligible for subsidy
at the above rates.
For
more details of the scheme please click here
2) Margin Money Loan
Objective: The objective of the scheme is to assist
deserving entrepreneurs in setting up small-scale industrial
units by way of providing soft loan to raise the required
equity insisted by the financing institutions.
Eligibility: All new registered SSI units other
than those excluded by Govt of India.
Pattern of Assistance: Margin Money Loan is given
for both term loan and working capital loan. It is limited
to 20% of the cost of project or of the total working
capital requirement or 50% of the margin stipulated
by the financing institution either for term loan or
working capital loan, whichever is less. The maximum
limit of margin money loan is Rs 2.5 lakhs. The rate
of interest is 9% per annum.
Repayment: The loan must be repaid in 16 equal
quarterly instalments. In the case of term loan the
first instalment of repayment is due on three months
after the date on which the last instalment of the term
loan falls due / 51st month of the disbursement of the
margin money loan whichever is earlier. In the case
of working capital loan first instalment of repayment
is due on completion of the 51st month from the date
of disbursement.
For
more details of the scheme please click here
3) Margin Money Loan to SSI units Promoted by Non Resident
Keralites
Objective:
The objective of this scheme is to assist technically
qualified Non-Resident Keralites to start industrial
units in Kerala
Eligibility:
All new registered SSI units other than those excluded
by Govt of India, promoted by Non Resident Keralites.
Pattern of Assistance: Margin money loan shall
be limited to 20% of the cost of project or of the working
capital requirement. The maximum limit under this scheme
is Rs 0.5 million. The rate of interest shall be 9%
per annum. Repayment: The loan shall be paid
back in 24 equal quarterly instalments. In the case
of term loan the first instalment of repayment is due
on three months after the date on which the last instalment
of the term loan falls due/51st month of the disbursement
of the margin money loan whichever is earlier. In the
case of working capital loan the first instalment of
repayment is due on completion of the 51st month from
the date of disbursement.
For
more details of the scheme please click here
4) Women’s Industries Programme
Objective: This scheme is intended to provide financial
assistance to women industrial units engaged in small
scale and cottage industries and to attract more women
entrepreneurs to industrial sector.
Eligibility:
SSI units registered under Women Industries Programme.
Pattern
of Assistance:
| Sl.No
|
Item.
|
Rate
|
Period
|
| i)
|
Machinery
and Equipments |
50%
of the cost equipments or Rs.75,000/-which ever
is less |
|
| ii)
|
Workshop
building grant |
50%
of the cost of construction or Rs.50,000/- which
ever is less; |
|
| iii)
|
Rent
of the building |
Rent
of building Rs. 750/- pm for 4 years or the actually
paid which ever is less |
First
year 100% of the agreed rent
Second
year 75% “
Third
year 50% “
Fourth
year 25% “ |
| iv)
|
Building
under hire purchase |
50%
of the hire purchase charges in MIEs will be given
on grant to a maximum of Rs. 25,000/- |
|
| v)
|
Salary
of the functionaries specified in part iv
|
A
tapering grant to the extent of Rs. 750/- pm or
salary actually paid will be reimbursed to the
unit. |
First
year - 100% of the salary
Second
year - 75% of the salary
Third
year - 50% of the salary
Fourth
year 25% of the salary of each of the functionaries.
|
| Vi)
|
Stipend
to trainees |
Rs.
500 per mensem per trainee. |
|
For
more details of the scheme please click here
5)Prime
Minister’s Rozgar Yojana
(click here for details)
Objective: To provide self employment opportunities
to educated unemployed youths.
Eligibility: 8th Standard passed, age between
16 to 35 for SC/ST, ex-service men and women up to 45
years and family income upto Rs. 40,000/-
Project Cost:
(a) For individuals: up to Rs. 1 lakh
for business related projects and Rs. 2 lakhs for other
projects
(b) For partnership activities: up to Rs. 10
lakhs. The individual eligibility will be the criteria.
Activities covered: Industry, service, business,
agriculture related activities (excluded direct cultivation,
procurement of fertilizers etc)
Pattern
of Assistance:
| |
Individuals
|
Partnership
activities |
| Subsidy
|
15%
of the project cost subject to a ceiling of Rs.
7500/- |
For
each partner separately @ 15% of his share in the
project cost limited to Rs. 7500/- per partner.
|
Margin Money: the applicant has to invest 5 to 16.25
% of the project cost as the margin money, so that, when
the subsidy and the margin money are added together amounting
20% of the total project cost.
6) Earnest Money Deposit & Security Exemption
/SSI units, certified by the Director of Industries &
Commerce, are exempted from furnishing earnest money deposit
and security deposit respectively in support of tenders
submitted by them to Government Departments.
For
more details of the scheme please click here
7) Price preference
Price preference of 15% for the products of SSI units located
in Kerala and 10% for the products of medium and large industries
located in the State being given for all departmental purchases,
purchases made by State Public Sector enterprises and statutory
corporations.
For
more details of the scheme please click here
8) Technology
Development Fund Scheme (click here for details)
For more details on Programmes (Schemes)
Organisational
Structure of DI&C
Entrepreneurship
Development Clubs
Incentive
Schemes for Marketing SSI Products
Margin
Money Loan for Cluster Development
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