Interest Subsidy Eligibility Certificate (ISEC) Scheme

About This Scheme

Introduced in 1977, the scheme "Interest Subsidy Eligibility Certificate (ISEC)" by the Ministry of Micro, Small and Medium Enterprises, Government of India, aims to provide concessional credit at 4% interest through subsidy support to khadi institutions for meeting working capital requirements. The scheme "Interest Subsidy Eligibility Certificate (ISEC)" by the Ministry of Micro, Small and Medium Enterprises, Government of India aims to provide concessional credit at 4% interest through subsidy support to khadi institutions for meeting working capital requirements.

Eligibility

- The applicant must be a khadi institution. - The applicant must have a valid Khadi Certificate. - The applicant must have a sanctioned khadi programme. - The applicant must be registered with Khadi and Village Industries Commission (KVIC) or State Khadi and Village Industries Boards (KVIBs).

Benefits

- Interest Subsidy: Loans available at a concessional interest rate of 4% per annum for working capital. - Subsidy Support: The difference between the actual bank interest rate and 4% is paid by the Central Government through the Khadi and Village Industries Commission (KVIC). - Funding Support: Helps bridge gap between required funds and budgetary allocation. - Sector Coverage: Applicable for khadi and polyvastra sector only.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.