After the beneficiaries belonging to scheduled castes and scheduled tribes have obtained sanction of loans from financial institutions for setting up of cottage and micro-industrial units, the department sanctions the eligible subsidy under the scheme and after the first installment of the loan has been released, the said ai amount will be released to the respective bank/financial institutions.
Subsidy
To whom / eligible ?
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.
Submission of Application
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
Contact
Department of Commerce and Industries #49, Khanija Bhavan, South Division, Devaraj Urs Road, Bangalore-560001