Scheme for Interest Subvention on Term Loan and Working Capital Loan

The scheme has been introduced to assist the MSME units which were badly affected due to the economic crisis in the wake of COVID-19 pandemic. The scheme intends to give financial assistance in the form of interest subvention for 12 months for the new/ additional term loan and/or working capital loan availed by the units from 1st April 2019 to 31st December 2021.

Eligibility for applicant units

  • Should be an MSME in the manufacturing or job work category established in the state.
  • Should have filed Udyam with the competent authority, after commencing the commercial production. .
  • The unit should have been operational at least for a period of 3 months within a period of 6 months prior to the date of sanction of bank loan. .

Benefit under the scheme

  • The total assistance under the scheme shall be limited to an amount of Rs.1,20,000/- per applicant unit including assistance for term loan and/ or working capital loan and it can be availed only once.
  • All MSMEs in the manufacturing/ job work category functioning in Kerala will be eligible to avail interest subvention on fresh/ additional working capital loan up to a maximum of Rs.60,000/- per unit.
  • All MSMEs in the manufacturing/ job work category functioning in Kerala will be eligible to avail interest subvention on fresh/ additional term loan up to a maximum of Rs.60,000/- per unit.
  • The assistance shall be limited to 50% of the interest paid by the unit to the bank/ financial institution, up to a period of 12 months from the date of disbursement of 1st installment to the loan.
  • The period of availing of fresh/ additional term loan and/ or working capital loan should be in between 01.04.2019 to 31.12.2021.
  • The assistance shall be released to the loan account of the applicant unit through the financial institution concerned on quarterly reimbursement basis.

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.

Apply Online Click Here

Contact Details of District Level Officers for the Scheme -ISS- Vyavasaya Bhadratha
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 R Manager 9446594808 0481-2573259
6 Idukki P.S.Sureshkumar 7025558031 Sahil Mohammed Manager 7012946527 0486-2235507
7 Ernakulam Biju.P.Abraham 9446384433 Pranap G Assistant Director 9744490573 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 Manoj V P Manager 9400897551 0483-2737405
11 Kozhicode Najeeb P.A 9188127011 Sreejan VK Manager 9447501272 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