Central GovernmentVerified
Personal Interest Subsidy Scheme
The scheme aims to support rural entrepreneurs in setting up industries using local resources. Through this scheme, interest subsidy on bank-financed projects up to ₹5,00,000 is provided.
Last verifiedToday
About This Scheme
Launched in the year 2016, the scheme "Personal Interest Subsidy Scheme" by the Uttarakhand State Khadi and Village Industries Board, Government of Uttarakhand, aims to support rural entrepreneurs in setting up industries based on the availability of local raw materials and their working/resource capacity. For this, assistance is provided for financing projects with a cost of up to ₹5.00 lakh through banks. Under the scheme, the entrepreneur is required to pay 4% interest on the bank-financed project cost, and the remaining interest, up to a maximum of 10%, is borne by the concerned department. The scheme is implemented by the District Village Industries Offices across various districts in Uttarakhand.
Benefits
₹5.0 L
1. The project is financed up to a maximum cost of ₹5,00,000 through bank support.
1. The entrepreneur is required to bear 4% interest on the bank-financed amount.
1. The Government bears up to 10% of the differential interest amount over and above what the entrepreneur pays.
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
- ✦Passport Size Photo
- ✦Permanent Residence Certificate
- ✦Photo Identity Proof
- ✦Address Proof
- ✦Caste Certificate
- ✦Project Report
- ✦Certificate Issued by Village Head (as per prescribed format)
- ✦Consent Letter from the Concerned Bank Branch
- ✦Educational or Technical Qualification Certificates
- ✦Affidavit on ₹20 Non-Judicial Stamp Paper
✦ Required ◦ Optional
How to Apply
IIn-person
Application Form: Download Application Form (PDF) Claim Form: Download Claim Form (PDF)
Quick Info
- Level
- Central Government
- Max benefit
- ₹5.0 L