What you get
Interest Subsidy | - The interest subsidy was applicable from the interest of the quarter preceding the quarter of the first commercial production date. | - The benefit under this scheme was for a period of 5 years (20 quarters) from the quarter of applicability. | - The subsidy was limited to 1% of the total net turnover or 30% of the interest paid by the units, whichever was less, subject to a ceiling of ₹5,00,000/- per annum. | - In case of the Interest Subsidy Scheme, the prescribed limit of 1% of turnover was increased to 2%, and 30% of interest paid was increased to 35%, subject to an overall ceiling of ₹8,00,000/-. | Additional Benefits | - 5% additional benefit was provided under the Local Employment Subsidy Scheme, over and above what was eligible under the original scheme. | - Preference was given in Capital Contribution and under Special Capital Contribution Schemes. | _*The Task Force Committee disbursed the amount payable within 6 months from the date of receipt of the application._
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What were the eligibility criteria for proprietary concerns under the scheme?
Proprietary concerns were eligible if they were 100% owned by women entrepreneurs.
Was there any condition regarding additional partners in partnership firms?
Yes, there had to be at least one additional partner other than the husband, father, brother, or son in partnership firms.
What was the maximum interest subsidy provided under the scheme?
The interest subsidy was limited to 1% of the total net turnover or 30% of the interest paid, whichever was less, subject to a ceiling of [?]5,00,000/- per annum.
Was there any increase in the interest subsidy limit for eligible units?
Yes, the interest subsidy limit was increased to 2% of turnover and 35% of the interest paid, subject to an overall ceiling of [?]8,00,000/-.
For how long was the interest subsidy benefit available under the scheme?
The interest subsidy benefit was available for a period of 5 years (20 quarters) from the quarter of applicability.
What additional benefits were provided under the Local Employment Subsidy Scheme?
An additional 5% benefit was provided under the Local Employment Subsidy Scheme, over and above the benefits under the original scheme.
Were there any preferential benefits under the Capital Contribution Scheme?
Yes, women entrepreneurs were given preference under the Capital Contribution and Special Capital Contribution Schemes.
What was the deadline for filing claims under the scheme?
Eligible units had to file their claims after the closing of every financial year and before 31st May in the specified proforma.
What documents were required to file a claim under the scheme?
A claim application in the specified proforma and a certificate from nationalized banks or specified financial institutions regarding the total interest paid were required.
Who scrutinized and recommended the applications under the scheme?
A Task Force Committee, consisting of members from the Directorate of Industries, Trade and Commerce, Finance Department, and industry associations, scrutinized and recommended the applications.
Within how many months was the amount payable disbursed after application receipt?
The amount payable was disbursed within 6 months from the date of receipt of the application.
Was there any relaxation in ownership criteria for partnership firms?
Yes, in partnership firms, at least 51% ownership had to be with women, and the remaining 49% could not be entirely held by the husband, father, brother, or son.
Was there any financial limit on the additional benefits provided under the scheme?
Yes, the additional benefits were subject to an overall ceiling of [?]8,00,000/- under the Interest Subsidy Scheme.