Revival and Rehabilitation Scheme for Defunct MSMEs and Cashew Processing Units
തകർച്ച നേരിടുന്നതും പ്രവർത്തന രഹിതവും ആയ സൂക്ഷ്മ ചെറുകിട ഇടത്തരം വ്യവസായങ്ങൾ, കശുവണ്ടി സംസ്കരണ യൂണിറ്റുകൾ പുനരുജ്ജീവിപ്പി ക്കുന്നതിനുള്ള പദ്ധതിGrants to restart manufacturing MSMEs and cashew processing units that have been shut for at least six months, or to help someone take over such a unit.
Last updated on
- Cost to apply
- No fee mentioned on the official page
- Status
- Open
- Run by
- Directorate of Industries and Commerce, Kerala
What you get
- Under the combined scheme from 2023-24, a grant linked to a new or additional bank loan, up to ₹8 lakh
- A revitalisation grant, up to ₹8 lakh
- 30% of the takeover amount, up to ₹1 lakh, for taking over a defunct unit
- Up to ₹8 lakh in total for a defunct unit
- The older English page lists 25% for building repairs up to ₹2 lakh, 40% for machinery and electrification up to ₹8 lakh, and 50% of working capital margin up to ₹2 lakh, or ₹5 lakh for cashew units
Who can apply
- Businesses that are already running.
- Open to businesses in manufacturing and food processing.
- Micro, small and medium enterprises.
- The most on offer is ₹8 lakh.
- Udyam registration is needed. It is free.
- Manufacturing MSME or cashew processing unit shut for at least 6 months for genuine reasons, with a chance of revival
- Units shut by the plastic ban, or that want to diversify, need not meet the 6 month rule
- Only one component per unit
- A fresh bank sanction is needed for working capital support
How to apply
- Submit the application in the set format with the documents, accounts and a revival project proposal
- The Taluk Industries Office recommends it and a district committee chaired by the District Collector sanctions it
- Sign an agreement with the notified authority to receive the assistance
In person, Assistant District Industries Officer or Taluk Industries Officer
In Kerala, Taluk Industries Office and District Industries Centre
Documents to keep ready
- Application in the set format
- Udyog Aadhaar or Udyam registration
- Revival project report
- Land title deed or land tax receipt, if any
- Building ownership certificate, if any
- Registered lease or rent deed, where relevant
- Invoices, bills and proof of payment for machinery and electrification
- Valuation by an approved civil or chartered engineer for civil work
- Bank sanction for working capital, if any
- Audited balance sheet for the year before the unit closed
Figures you may see elsewhere
The English page and the newer Malayalam page describe different components. Both cap the main grant at ₹8 lakh. The Malayalam page gives no separate figures for cashew units
Worth knowing
Merged with the stressed MSME scheme for 2023-24 onward by G.O.(Rt) 867/2023/ID of 24 August 2023, per the Malayalam site. The English site still shows the older separate scheme.
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.