Subsidy on bank loans to cottage and micro-industrial units/artisans

To whom?

Beneficiaries of scheduled caste and scheduled tribes to set up cottage and micro-sensitive industrial units

Eligibility

• Entrepreneurs starting the unit should have attained the age of at least 18 years.
• Subsidy will be available under this scheme for new/expansion/modernization units.
• Establishing an industry under industrial or service activity.
• Subsidy will be sanctioned on the basis of loan sanctioned on the project cost for establishment of industrial or service activities.
• The beneficiary should not have taken a loan in the past and become a defaulter.
• The beneficiary should not have availed any concession/incentive under any other scheme of the Government.
• The units that have received capital will not be eligible for subsidy under this scheme.
• Promoters have to bear 10% of the project cost.

How to apply

Online

Documents to be submitted

• Details in the scheduled application form
• SC/ST caste certificate
• Letter of sanction of loan from the bank
• Project broad report
• Rent deed in case of rented building
• Udyog Aadhar Memorandum obtained from the department

Department of Industries and Commerce
#49, Khanija Bhavan, South Wing, Race course Road, Bengaluru-560 001.
Or You may contact Respective District Joint Director of Industries and Commerce Department for further Assistance

[email protected]
https://industries.karnataka.gov.in/english
+918022386796

Does it comes to Sakal limits?

No