Objectives:
Encouraging both manufacturing and service enterprises to increase productivity and provide incentives to MSMEs for on-boarding on GST platform which helps in formalization of economy, while reducing the cost of credit.
Eligibility/
Applicability
:
All MSMEs who have valid GSTN Number and registered on Udyam portal
Nature of Assistance
:
The interest relief will be calculated at two percentage points per annum (2% p.a.), on outstanding balance from time to time from the date of disbursal / drawal or the date of notification of this scheme, whichever is later, on the incremental or fresh amount of working capital sanctioned or incremental or new term loan disbursed by eligible institutions
How to Apply
:
MSMEs may apply directly to eligible lending institutions under the scheme.
Contact
:
Loan lending bank branch , CEO, SIDBI, ATMA RAM HOUSE, 1 Tolstoy Marg, New Delhi. The guidelines of this scheme can also be downloaded from the following
Intrest Subvention Scheme and Guidlines<
| S No |
Subject |
Date |
Details |
| 1 |
Modification in Guidelines of "Interest Subvention Scheme for Incremental Credit
to MSMEs 2018"-reg. |
13/12/2019 |
Open Details |
| 2 |
Notification of Operational Guidelines for
Implementing the "Interest Subvention Scheme
for MSMEs, 2018
to MSMEs 2018"-reg. |
05/12/2018 |
Open Details |