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Incentives to Women Entrepreneurs Scheme, 2008
Incentives to Women Entrepreneurs Scheme, 2008 aimed to encourage women entrepreneurship and promote self-employment by providing additional incentives such as interest subsidies and preferential treatment under capital contribution schemes. The scheme benefited women-owned industrial units.
About This Scheme
Benefits
₹5.0 L · annual
Interest Subsidy
- The interest subsidy was applicable from the interest of the quarter preceding the quarter of the first commercial production date.
- The benefit under this scheme was for a period of 5 years (20 quarters) from the quarter of applicability.
- The subsidy was limited to 1% of the total net turnover or 30% of the interest paid by the units, whichever was less, subject to a ceiling of ₹5,00,000/- per annum.
- In case of the Interest Subsidy Scheme, the prescribed limit of 1% of turnover was increased to 2%, and 30% of interest paid was increased to 35%, subject to an overall ceiling of ₹8,00,000/-.
Additional Benefits
- 5% additional benefit was provided under the Local Employment Subsidy Scheme, over and above what was eligible under the original scheme.
- Preference was given in Capital Contribution and under Special Capital Contribution Schemes.
*The Task Force Committee disbursed the amount payable within 6 months from the date of receipt of the application.
Eligibility
- •
Only partnership and proprietary concerns were eligible, provided the ownership was with women to the extent of 100% in case of proprietary concerns and 51% in case of partnership firms.
- •
In partnership firms, the balance share of 49% should not be entirely held by the husband, father, brother, or son, and there had to be at least one additional partner other than these relatives.
- •
Units that had gone into commercial production or service on or after the date of publication of this scheme were eligible.
- •
Women entrepreneurs were given preference under the Capital Contribution and Special Capital Contribution Schemes.
Required Documents
- ✦Certificate Issued by Nationalized Banks or Specified Financial Institutions in Respect of Total Interest Paid by the Units.
✦ Required ◦ Optional
How to Apply
- The applicant was required to claim the benefits under the Scheme for which additional benefits were being stated in this Scheme.
- The procedure, rules, and other requirements mandated under the Schemes, under which special benefits were granted, were applicable under this Scheme.
- The Task Force Committee, consisting of members from the Directorate of Industries, Trade and Commerce, Finance Department, and industry associations, scrutinized and recommended the applications within 3 months from receipt.
Deadline: The eligible units had to file their claim in the specified proforma after the closing of every financial year and before 31st May.
*If the claim for the year (four quarters) was not admitted by 31st May, it lapsed, but the eligibility continued for the balance period of benefit.
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L
- Launched
- 15 Jan 2009
- Deadline
- 31 Mar 2011
Available In
Categories
Data Sources
- https://www.myscheme.gov.in/schemes/iwes ↗Accessed Today
