Kerala stressed MSMEs Revival & Rehabilitation Scheme

The Kerala stressed MSMEs Revival & Rehabilitation scheme intends to provide financial and other handholding support to the MSMEs which show signs of stress and to convert their non-productive assets into productive assets. The maximum assistance admissible for each unit, all reliefs and assistances put together, under the scheme will be limited to Rs. 5 Lakh.

Assistance/Relief Available from Government

Restructuring of existing loan account

If the bank is willing to restructure the existing loan account and extent additional term loan/working capital loan based on the Revival Project recommendations of the Expert Committee, the unit is eligible for the following one time Assistances. These assistances are also eligible for self financed units availing term loan/working capital loan as part of the Revival Package recommended by the Expert Committee.

a)   Margin Money Grant

50% of the margin insisted by the bank/Financial Institution towards additional working capital loan and term loan, will be payable as Grant Assistance limited to Rs 2 lakhs.

b)   Interest Subvention Assistance

 To provide a financial assistance in the form of interest subvention on a reimbursement basis for the additional term loan and additional working capital loan availed by the units based on the Revival Project Report recommended by the expert committee.  The interest subvention is 6% per annum subject to a maximum amount of Rs 1 lakh. The interest subvention is limited for one (first) year on the loan sanctioned by the financial institution/bank. 

Restart Expenses

The following one time assistances shall be payable as Re-start expenses based on the Revival Project recommendations of the Expert Committee.

  • In cases where no term loan is availed for the purchase of brand new additional/balancing plant & machinery, 50% of the cost of Additional/Balancing Plant and Machinery limited to Rs 1.50 lakhs will be payable as one time assistance.
  • 50% of the cost incurred for the inevitable repair and maintenance of existing Plant and Machinery and Building limited to Rs 1.00 lakh will be reimbursed.

Clearance of Statutory Dues

If there is statutory dues existing for the unit related to the agencies like KSEB, GST/Commercial Tax, Excise, Pollution Control Board etc. 50% of the dues limited to Rs 40,000 shall be payable as one time assistance based on the Revival Project recommendations of the Expert Committee.

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Cost of Revival Project Report

Cost of preparation of RPR will be reimbursed @100%, Rs.10,000/- per unit.

Contact Details of District Level Officers for the Scheme-KeralaStressed MSMEs Revival and Rehabilitation Scheme
Sl No District General Manager Mobile Number Name of Officer Incharge Designation Mobile Number Landline Number
1 Thiruvananthapuram Rajeev.G 9446222830 Vinod Kumar S Manager 9048290020 0471-2326756
2 Kollam Biju Kurian 9446364529 Dinesh R Manager 9446108519 0474--2302774
3 Pathanamthitta Anil Kumar P.N 9446545440 mlnl mol Manager 9495110555 0468-2214639
4 Alappuzha Renjith C.O 8281936494 Ajimon K S Manager 9496333376 0477-2241632 / 0477-2241272
5 Kottayam M.V. Lauly 9188127005 Arjunan Pilla R Manager 9446594808 0481-2573259
6 Idukki P.S.Sureshkumar 7025558031 Sahil Mohammed Manager 7012946527 0486-2235507
7 Ernakulam Biju.P.Abraham 9446384433 Sheeba S Manager 9605381468 0484-2421360
8 Thrissur K.S.Kripakumar 9446384841 Saji.S Manager 9947123325 0487-2361945
9 Palakad Gireesh.M 9495135649 Gireesh M Manager 9495135649 0491-2505408
10 Malapuram Renjith Babu 9188127010 Renjith Babu Manager 9846888331 0483-2737405
11 Kozhikode Najeeb P.A 9188127011 Gireesh I Manager 8714140978 0495-2765770
12 Wayanad Anish Nair.M 8848109505 Anish Nair M Manager 8848109505 0493-6202485
13 Kannur T.O Gangadharan 9497857014 Shammy S K Manager 9446675700 0497-2700928
14 Kasargode Sajith kumar.K 9847747025 Sajithkumar K Manager 9847747025 0499-4255749