Motivation of Entrepreneurs and Financial Assistance for Rehabilitation of Sick Industries
Through this scheme, the cost of implementing suggestions given by the experts in the field of technology, marketing and finance engaged to advise sick units is reimbursed. 50% subsidy towards the cost of diagnostic study by technical institutions initiated through Financial Institutions/Banks/etc.
About This Scheme
Benefits
₹50.0K
Subsidy @ 50% on the cost of diagnostic study by technical institutions initiated through Financial Institutions/Banks/Government with a maximum of ₹50,000/-.
₹50.0K
50% of fees (maximum ₹50,000/- per unit) will be reimbursed on implementing suggestions given by the experts in the field of technology, marketing and finance engaged to advise sick units.
₹3.0 L · annual
Interest subsidy @ 5% per annum limited to ₹3,00,000/- per year for 3 years on additional finance disbursed by Banks/Financial Institutions for Rehabilitation.
The interest subsidy will be paid through the financial institution.
The financial institution shall mean and include PIPDIC or any other Government Corporation, Scheduled Banks including Co-operative Banks.
Eligibility
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Required Documents
- ✦Entrepreneurs Memorandum Part-2 (UAM/ PMT) Registration/ Commencement of Production Certificate.
- ✦Certificate issued by the Financial Institution/Bank.
- ✦Any other document, as required by the Committee.
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- Central Government
- Max benefit
- ₹3.0 L