Central GovernmentVerified
Interest Subsidy Eligibility Certificate (ISEC) Scheme
Ministry: Ministry Of Micro, Small and Medium Enterprises
The scheme aims to provide concessional working capital loans at 4% interest to khadi institutions through interest subsidy support.
Last verifiedToday
About This Scheme
Introduced in 1977, the scheme "Interest Subsidy Eligibility Certificate (ISEC)" by the Ministry of Micro, Small and Medium Enterprises, Government of India, aims to provide concessional credit at 4% interest through subsidy support to khadi institutions for meeting working capital requirements. The scheme "Interest Subsidy Eligibility Certificate (ISEC)" by the Ministry of Micro, Small and Medium Enterprises, Government of India aims to provide concessional credit at 4% interest through subsidy support to khadi institutions for meeting working capital requirements.
Benefits
- Interest Subsidy: Loans available at a concessional interest rate of 4% per annum for working capital.
- Subsidy Support: The difference between the actual bank interest rate and 4% is paid by the Central Government through the Khadi and Village Industries Commission (KVIC).
- Funding Support: Helps bridge gap between required funds and budgetary allocation.
- Sector Coverage: Applicable for khadi and polyvastra sector only.
Eligibility
Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.
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Required Documents
- ✦Aadhaar Card.
- ✦Income certificate.
- ✦Caste certificate.
- ✦Bank account statement.
✦ Required ◦ Optional
How to Apply
IIn-person
Step 1: The applicant applies to the financing bank for working capital.
Step 2: The applicant submits the Interest Subsidy Eligibility Certificate issued by KVIC.
Step 3: The bank sanctions working capital loan based on requirement.
Step 4: The bank raises reimbursement claim for interest subsidy to the nodal branch.
Step 5: The subsidy amount is reimbursed through KVIC.
Quick Info
- Level
- Central Government