Interest Subsidy
Refund of a portion of interest paid on term loans for eligible MSME manufacturing units.
What is Interest Subsidy?
The Interest Subsidy scheme reimburses a portion of the interest cost incurred by eligible manufacturing MSMEs on term loans taken from scheduled commercial banks or financial institutions for setting up or expanding their unit.
Who Qualifies?
- MSME manufacturing units registered under Udyam
- Units with term loan from scheduled commercial bank
- New units and units undertaking approved expansion
- Units in GIDC industrial estates qualify for additional benefit
Subsidy Quantum / Benefit
5–7% per annum interest subsidy on term loan for a period of 5–7 years, subject to scheme-specific caps and loan amount limits.
How to Apply
File application on iPlus portal with Udyam certificate and loan sanction letter
Submit 6-month interest payment certificates from bank
DIC verification of unit commencement
Annual reimbursement processed by Industries Commissionerate
Expected Timeline
Annual reimbursement; first claim processable after 6 months of loan disbursement and unit commencement.
Claim This Subsidy
We assess your eligibility, prepare the application, and follow up until disbursement.
Enquire Now +91 97146 31847