P.J./S.P. About 50% interest-free soft seed capital will be provided in 1/3rd of the promoter capital investment for new/ modernization/ technological upgrade/distribution/activity change units set up by entrepreneurs by availing loans from banks/financial institutions
For a unit where the capital invested in plant and machinery falls under Rs 5.00 crore – as per debt equity 2:1, the promoter’s capital maximum of Rs 75.00 lakh softseed capital financial assistance will be provided.
Subsidy
To whom / eligible ?
To whom?
Eligibility
P.J./S.P. All the partners/members/ directors of the units established by the entrepreneurs in the owned/partnership/trust/association/companies are entitled to the SC/ST. Should belong to category
Softseed Capital financial assistance can be obtained in case of new/modernization/technical upgradation/area/activity changes undertaken by new and existing micro, small and very small industrial units
New and existing micro, small and very small service units are eligible for assistance if they invest in immovable property.
Submission of Application
How to apply
Online
Documents to be submitted
Details in the scheduled application form
Employment Aadhaar Memorandum
Caste certificate
Copies of loan sanction letter and appraisal report from Bank/Financial Institutions
Documentation regarding release of first installment loan
Contact
Department of Commerce and Industries #49, Khanija Bhavan, South Division, Devaraj Urs Road, Bangalore-560001