Scheme Name: Incentives - Interest Subsidy for IT/ITeS MSMEs for a period of 5 years

State: Manipur

Description of the Scheme:

To develop as one of the most favoured states for setting up business units.

To fast track enhancement of tele-density, so that all the corners of the state is connected.

To promote and position to be the most preferred destination for R&D and product / service hub.

To develop as one of the best e-Governed states, along with a strong infrastructure and an ecosystem conducive for industries.

To    foster   a   practice   of   continuous  capacity   building,      for availability of skilled and employable manpower.

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance:

Eligible units will be entitled to avail interest subsidy as under:

1. at 7% (on total project value) for micro enterprises with a ceiling of Rs. 5 lakhs per annum for a maximum of 10 units based on parameters of business plan, sustainability plan, existing turnover, growth of employment and realised social benefit.
2. at 5% (on total project value) for small and medium enterprises with a ceiling of Rs. 10 lakhs per annum for a maximum of 5 units based on the aforesaid parameters.
3. at 1% (on total project value) additional interest subsidy to the youth less than 35 years of age in case of first project or to SC/ST/Women/Differently- abled persons with a ceiling of Rs. 10 lakhs per annum for a maximum of 5 units on a merit basis.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Department of Information Technology Government of Manipur

Whom to Contact:

Department of Information Technology New Secretariat,

Manipur-795001 dit-mn@nic.in