Manufacturing Unit Loan

Eligibility Criteria for Beneficiaries:

• Any individual, above 18 years of age. At least VIII standard pass for projects costing above Rs. 10 Lakh in the manufacturing sector and above Rs. 5 lakh in the business/ service sector.
• Maximum cost of the project admissible under manufacturing sector is Rs. 25 lakhs and business/ services sector is Rs. 10 lakhs.
• Beneficiaries are identifies &selected by the District Level Task Force consisting of representatives from KVIC/ State KVIB/ State DICs and Banks and headed by DM/ DCs.
• Only new projects for activities excluding the negative list are considered for sanction under PMEGP.



Subsidy:

• General Category: @ 15% OF Project cost in urban area.
• SC/ ST/ OBC/ Women/ Minority/ Handicap etc: 25% of the project cost in urban area & 35% in rural area.



Margin of Beneficiaries:

• 10% of the project cost for General category & 5% of the project cost for SC/ ST/ OBC/ Women/ Minority/ Handicap etc.



Rate Of Interest

• Normal rate of interest as applicable to the enterprise from time to time.




Security

• No collateral security & No 3rd party guarantee.



How to apply under PMEGP:

• Application can be made Online on KVIC website: www.kvic.org.in/ kviconline.gov.in/pmegpeportal.
• For further information contact General Manager, District Industry Center (DIC)



2: Pradhan Mantri Mudra Yojana

Benifits

Term Loan and/ or Working Capital loan is provided up to maximum Rs. 10 Lakhs under the following three Shishu, Kishore & Tarun categories:

Sishu: Covering loans upto Rs. 50,000.

• Shishu Loan’s tenure is 5 years.
• The interest rate to be charged in the Shishu category is normally in the range of 10% to 12%.



Kishore: Covering loans above Rs. 50,000/- and upto Rs.5 Lakhs.

• Kishore Loan’s repayment tenure is determined by the bank.
• Interest rate to be charged will depend on applicant’s credit history, guidelines of the scheme etc. The interest rate in the Kishore category is normally in the range of 14% to 17%.



Tarun: Covering loans above Rs. 5 Lakhs to Rs. 10 Lakhs

• Tarun Loan’s repayment tenure is to be decided by the bank.
• Interest rate to be charged will depend on applicant’s credit history, guidelines of the scheme etc. the interest rate in the Tarun category normally starts form 16%.



Eligibility Criterion:

• The business unit shoul style="line-height: 2.0;"d be either one of the following: Small manufacturing unit, Shopkeepers, Fruit and vegetable vendors and Artisans.



How to apply for a loan under MUDRA Yojana:

• All Schedul style="line-height: 2.0;"e Commercial Banks in public and private sector.
Regional Rural Banks
• All Micro Finance Institution (MFI) small business finance companies and NBFCs.’
• Schedul style="line-height: 2.0;"e urban and state co-operative banks



Required Documents for the MUDRA Loan Scheme:

• Business Plan

Self Attested Identity Proof and Address Proof

• Passport Size Photograph
Your firm/ business Registration Certificate, Address and ID proof
• In case machinery have been purchased provided suppliers name, machinery details and machinery price
• When the loan is passed, one will get a MUNDRA card, similar to a credit card with limit up to 10% of loan amount to purchase working capital.



3:Stand Up India:

• To promote entrepreneurship amongst the SC/ ST and women.

Composite bank loan of 75% of the project cost (inclusive of term loan and working capital) between Rs 10 Lakh and uptoRs 100 lakh.

• The rate of interest woul style="line-height: 2.0;"d be applicable rate of the bank for that category (rating category) not to exceed ((MCLR)+3%+tenor premium).
Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL), nodal agency National Credit Guarantee Trustee Company, as decided by the banks.
• The term loan is repayable within 7 years with a maximum moratorium period of 18 months. The borrowers shall require to bring in minimum of 10% of the project cost as own contribution.



Eligibility Criteria:

• Loans under the scheme is available for only Green Field Projects.
• The entrepreneur may be engaged in manufacturing, services or the trading sector. Age of beneficiaries – above 18 years.



How to apply for loan under Stand-Up India:

Directly at Bank branches/ Through SIDBI’s stand Up India Portal or Through the Lead District Manager?

• Facility for uploading various documents like KYC documents, detailed project report etc. is available through the portal which woul style="line-height: 2.0;"d help banks in appraisal.
Borrower has the option of choosing the bank form which he/she wishes to avail the loan (option to choose 3 banks in order of preference is given.)
• Loan will be sanctioned only if it conforms to the banks norms and subject to necessary due diligence like pre sanction and post sanction visit, end use verification etc.




4-BIHAR START-UP POLICY, 2017

Key Benifits:

• Financial assistance up to Rs. 10 Lakhs per Start-up as interest free loan for 10 years. Entrepreneur shall contribute 5% of this financial assistance.
Success fee@ 2% of investment to start-ups for mobilizing investment from state registered angel investors towards early stage funding.
• A financial assistance equal to the amount invested in startups by the Angel Groups and category I alternate Investment Funds shall be given as loan to the start-ups.
• Facilitation in listing and public issue of Start-ups in collaboration with National Level Stock Exchanges
• Incentives under Bihar Industrial Investment Promotion Policy, 2016 as per the eligibility. Govt. to bear all costs associated towards filing domestic patents
• Reimbursement of fees for awarded foreign patents
• Project Management Unit to specifically handhold SC/ST/ Women & Differently abled Start-ups in setting up their ventures
• Additional 15% incentives for SC and ST entrepreneurs and for women and differently abled person.



5. Chief Minister MSME Cluster Development Scheme

Objective:

• To enhance the competitiveness of MSMEs by way of facilitating access to modern technology and providing marketing support through establishment of Common Facility Centers (CFCs)



Common Facility Center (CFC):

• Plant and machinery for common uses by cluster entrepreneurs.
• Packaging center, design Centre and Testing Centre
• Effluent Treatment Plant



Benifits:

• Financial Assistance up to 90% of the approved project cost or Max Rs 10 Crore for establishment of CFC.

Support of Project Management Agency (PMA) for:

• Formation of Special Purpose Vehicle for Operation and Management of CFC.
• Preparation of Detailed Project Report.
• ACoordination with the Department of Industries for sanction of Grant
• Guidance and supervision of construction and Installation of machinery at CFC
• Progress Reporting of CFC to Deptt. Of Industries.



6. Bihar Industrial Investment Promotion Policy, 2016

Reimbursement of Stamp Duty and Registration Fees:

• 100% reimbursement from Stamp Duty and Registration Fees on Lease/ Sale/ Transfer of Industrial Land/ Shed
• No stamp duty will be required to be paid in respect of land allotted by the Government to IDA/ BIADA or Government/ IDA/ BIADA to Private Industrial Area.



Reimbursement of Land Conversion Fees:

• 100% reimbursement of land conversion/ change in land use fees for conversion of agricul style="line-height: 2.0;"tural land
• 
  

  Interest Subvention:

• Term loan interest rate of 10% whichever is lower. For micro and small units, there shall an interested subvention of 12%.
• Priority sector: Up-to 30% of approved project cost or Rs. 10 crore whichever is less.
• Preparation of Detailed Project Report.
• Non-priority sector: - Up-to 15% of approved project cost or Rs. 10 Crore whichever is less.



Tax Benefits:

• 80% reimbursement against the admitted VAT /GST.
• 100% reimbursement of Electricity Duty
• Non-priority sectors: Up-to 100% of the approved project cost
• Priority sectors: Up-to 100% of the approved project cost
• For all new micro and small units and units engaged in generation of solar and/ or renewable energy for commercial purpose, limit will be enhanced by 30% or renewable energy for commercial purpose, limit will be enhanced by 30%



Innovative Technologies available for commercialization through NRDC in following sectors:

• Agricul style="line-height: 2.0;"ture, Horticul style="line-height: 2.0;"ture and Sericul style="line-height: 2.0;"ture
• Bio-Pharmaceuticals
Diary Technology
• Electronics & Electrical
• Mechanical & Metallurgical Engineering
• Mechanical & Civil Engineering
• Animal Bio Technology
• Food Technology
• Health care Diagnostics
• Herbal & Healthcare
• Plant Bio Technologies



List of Public Funded R & D Institute for technology dissemination:

• Council of Scientific & Industrial Research (CSIR): www.techindiacsir.anusandhan.net/
• Defense Research Development Organization: https://www.drdo.gov.in
• Central Food Technology Research Institute (CFTRI): http://www.cftri.com
• Indian Council of Agricul style="line-height: 2.0;"ture Research (ICAR): www.icar.org.in
• Indian Institute of Packaging (IIP): http://www.iip-in.com
• Central Council for Research in Ayurvedic Science (CCRAS):www.ccras.nic.in
• Bhabha Atomic Research Centre (BARC): www.barc.gov.in
• Central Silk Board: www.csb.gov.in
• Central Coir Board: www.coirboard.gov.in