Margin Money Grant to Nano Units

Margin Money Grant to Nano Units is a loan linked scheme operated by the Directorate of Industries and Commerce. The scheme aims to provide financial assistance to Nano units in the State, engaged in manufacturing, job work and service activity having any type of value addition.

Features of the Scheme

• Units with project cost upto 10 Lakh will be covered in the scheme.
• Margin Money Grant of 30% to 40% of the Total Project cost according to the category of the applicant.
• Women, Youth (Age between 18 and 40), Differentially Abled Persons, Ex-Servicemen, and persons belonging to SC/ST category will be eligible for 10% additional Grant.
• 30% of the beneficiaries under the scheme shall be women entrepreneurs.
• Maximum assistance under this scheme shall be Rs 4 Lakh per unit.

Financial Assistance  

 

How to Apply 

Application can be submitted online or in person to the Assistant District Industries Officer, Taluk Industries Office concerned with all supporting documents, including the sanction letter with the recommendation from the financial institution and copy of pass book showing the details of beneficiary contribution.

Sanctioning Authority

General Manager, District Industries Centre is the sanctioning authority.

Other Points

The Project cost under this scheme shall include the following.

• Cost of land and its development including documentation charges. The cost of land and its development shall not exceed 10% of the project cost.
• Cost of building. This shall not exceed 25% of the project cost.
• Plant & Machinery, equipments including all accessories, tools, jigs, fixtures, essential office equipments and furniture, lab equipments, pollution control devices, generators.
• Electrification.
• Preliminary and pre-operative expenses which shall include Registration charges of the firm, engineering drawings, cost of the project report, Technical know- how, cost of technical supervision during the implementation period. However, these preliminary and pre-operative expenses shall not exceed 10 % of the project cost.
• Allowance for cost escalation (contingencies). The contingency allowance shall not exceed 10% of the cost of the item for which it is meant.
• Working Capital. The working capital shall not exceed 40% of the project cost or one working cycle, whichever is lower.

Check List

• Project Report
• Title Deed of Land/ Land Tax Receipt if applicable
• Ownership Certificate of building if applicable
• Registered Lease Deed or Rent Deed in such cases
• Proforma Invoice/Quotation of plant, machinery and electrification
• Valuation of approved Engineer, Chattered Engineer for Civil Construction
• Sanction letter from financial institution/Bank if any
• Any other document as demanded by the recommending/sanctioning authority

Eligibility

All new Nano proprietary enterprises in manufacturing / food processing and job works and units engaged in service sector having any type of value addition, whose project cost including fixed capital and working capital up to 10 lakhs are eligible for the assistance under the scheme. Preference is given to special categories such as women, handicapped persons, ex servicemen and persons belonging to SC/ST.Youth entrepreneurs up to the age of 40 are also given priority under the scheme.30% of the beneficiaries under the scheme shall be women entrepreneurs.

Financial assistance

Maximum limit of margin money grant under the scheme shall be Rs 4 lakhs per unit as follows.

a. Loan given by financial institution/KFC/Co-operative bank: Minimum 40 % of the project cost

b. Promoter’s contribution: Minimum 30 % of the project cost

c. Margin money grand by Industries dept: 30 % of the project cost limited to a maximum of 3 lakhs

d. In case of special categories MMG will be 40 % of the project cost limited to a maximum of 4 lakhs and promoter’s contribution shall be 20%.

Procedure

a.Application shall be submitted to the Assistant District industries officer,Taluk Industries Office concerned with all supporting documents including the sanction letter with recommendation from the bank.

b.Copy of pass book showing the details of beneficiary contribution remitted to be submitted along with application.

Sanctioning Authority

General Manager, District Industries Centre is the sanctioning authority.

For Detailed Guidelines of the scheme Click here

For Application Form Click here

For Checklist Click here

Apply Here for Margin Money Grant Click Here

Contact Details of District Level Officers for the Scheme-Margin Money Grant to Nano Nnits
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	Sivakumar K S	Manager	9446300548	0474-2302774
3	Pathanamthitta	Anil Kumar P.N	9446545440	lissiyamma	manager	9446828587	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	Manager	99447029774	04812573259
6	Idukki	P.S.Sureshkumar	7025558031	Sahil Mohammed	Manager	7012946527	486 2235507
7	Ernakulam	Biju.P.Abraham	9446384433	Sheeba. S	Manager	9605381468	0484-2421360
8	Thrissur	K.S.Kripakumar	9446384841	Saji.S	Manager	9947123325	487 2361945
9	Palakad	Gireesh.M	9495135649	Gireesh M	Manager	9495135649	491-2505408
10	Malapuram	Renjith Babu	9188127010	Manoj V P	Manager	9400897551	91483-2737405
11	Kozhikode	Najeeb P.A	9188127011	Gireesh I	Manager	8714140978	0495-2765770
12	Wayanad	Anish Nair.M	8848109505	Anish Nair M	Manager	8848109505	4936202485
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