Scheme for Interest Subvention on Term Loan and Working Capital Loan ISS
സ്ഥിര മൂലധന വായ്പകൾക്കും, പ്രവർത്തന മൂലധന വായ്പകൾക്കുമുള്ള പലിശയിളവ് പദ്ധതിA Covid relief scheme that refunded half the interest for 12 months on new or extra loans taken by manufacturing MSMEs between 1 April 2019 and 31 December 2021. New loans no longer qualify.
Last updated on
- Cost to apply
- No fee mentioned on the official page
- Status
- Closed
- Run by
- Directorate of Industries and Commerce, Kerala
What you get
- 50% of interest paid for 12 months from the first disbursement
- Up to ₹60,000 on a term loan and ₹60,000 on a working capital loan, ₹1,20,000 in total, once only
Who can apply
- Businesses that are already running.
- Open to businesses in manufacturing.
- Micro, small and medium enterprises.
- The most on offer is ₹1.2 lakh.
- Udyam registration is needed. It is free.
- Loan taken between 1 April 2019 and 31 December 2021
- Manufacturing or job work MSME in Kerala
- Working for at least 3 of the 6 months before the loan was sanctioned
Where to apply
In person, Assistant District Industries Officer at the Taluk Industries Office
In Kerala, Taluk Industries Office
Worth knowing
The loan window ended on 31 December 2021. The page is still up but does not say the scheme is closed or give a claim deadline.
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 Seen something out of date?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.