Scheme Name: Interest Subsidy

State: Rajasthan

Description of the Scheme: Interest subsidy is benefit given by government to enterprises on term loans who pays regular installments and interests to statefinancialinstitutions/financialinstitution/bank recognisedbyReserve Bankof India.

Target group :

Sector of the Scheme:

Eligibility Criteria:

1. In Electronic System Design & Manufacturing(ESDM) sector,enterprises making an investment equal to or aboveRs.50 croreandprovidingdirectemploymentto at least 1,000 persons during period 01.10.2015 to 31.03.2017,andcommencescommercialproductionup to 31.03.2017, shall be granted 5% interest subsidy for 10 years, subject to maximum Rs.50 lakhs per annum.
2. In the textile sector, enterprises making a minimum investment of Rs.25 lakh shall be granted 5% interest subsidy and enterprises making investment more than Rs.25 crore shall be granted additional 1% interest subsidy
3. Robotic enterprisesmaking an investment equal to or above Rs.50 crore shall be allowed 5% interest subsidy on term loan taken from State Financial Institutions/ Financial Institution/Bank recognised by ReserveBank of India, for a period of five years or up to the period of repayment of loan, whichever is earlier, from date of commencement of commercial production, subject to a maximum of Rs.10 lakhs per annum.
4. In technical textile sector,7% interest subsidy shall be allowed to enterprises making a minimum investment of Rs.25 lakhs.
5. In Agro-processing and Agri-marketing sector, enterprises shall be granted 5% interest subsidy.
6. For service enterprises in thrust sector,making a minimum investment of Rs.25lakhs in the IT sector shall be granted 5% interest subsidy on the term loan taken from State Financial Institutions/Financial Institution/Bank recognised by Reserve Bank of India for making investment in service related to IT sector, for a period of five years or up to the period of repayment of loan, whichever is earlier, from the date of commencement of commercial operation, subject to a maximum of Rs.5 lakhs per annum.

Nature & Mode of Assistance:

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

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

How to apply: Enterprises making new investment or investment for expansion or for revival of sick industrial enterprise, for availing interest subsidy, shall submit application along with the documents required, to Member Secretary, State Level Screening Committee (SLSC)/District Level Screening Committee (DLSC) within 90 days of commencement of commercial production.

Apply Online http://rips.rajasthan.gov.in/login.html

http://rips.rajasthan.gov.in/site/subsidy?title=Interest-Subsidy

Whom to Contact: