Interest Subsidy
Interest subsidy for Manufacturing Enterprise
>>Category 1: @7% of term loan amount disbursed with the maximum amount of Rs. 35 lakhs per annum for 7 years.
>>Category 2: @6% of term loan amount disbursed with the maximum amount of Rs. 30 lakhs per annum for 6 years.
>>Category 3(including Municipal Corporation areas): @5% of term loan amount disbursed with the maximum amount of Rs. 25 lakhs per annum for 5 years.
Extra Benefits
>>1% Additional Interest Subsidy Will Be Given To SC/ST Entrepreneur/ Physically Challenged Entrepreneur/ Women Entrepreneur/ Start Up In Manufacturing Sector.
>>1% Additional Interest Subsidy Will Be Given To Young Entrepreneur Below The Age Of 35 Years On The Date Of Sanction Of Loan
>>Maximum Interest Subsidy To Be Capped At 9% For All The Categories.
>>The Interest Subsidy Will Be So Given That In Any Case, The Unit Will Have To Bear Minimum 2% Of Total Interest Levied On Term Loan