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Kerala Stressed MSMEs Revival & Rehabilitation Scheme

The “Kerala Stressed MSMEs Revival & Rehabilitation Scheme” intends to provide financial and other handholding support to the MSMEs which show signs of stress and to convert their non-productive assets into productive assets.

Ministry / Department
Industries and Commerce Department
Level
State
Benefit type
cash
Last verified: Recently

Kerala Stressed MSMEs Revival & Rehabilitation Scheme क्या है?

The “Kerala Stressed MSMEs Revival & Rehabilitation Scheme” intends to provide financial and other handholding support to the MSMEs which show signs of stress and to convert their non-productive assets into productive assets.

लाभ
1. Entitlement in the scheme shall be limited to an amount of ₹5 lakhs per applicant unit to be availed as one-time assistance only. 2. Assistance/Relief Available from Government: a) **Restructuring of existing loan account:** If the bank is willing to restructure the existing loan account and extend additional term loan/working capital loan based on the Revival Project recommendations of the Expert Committee, the unit is eligible for the following one-time Assistance. These assistances are also eligible for self-financed units availing term loan/working capital loan as part of the Revival Package recommended by the Expert Committee. - **Margin Money Grant:** 50% of the margin insisted by the bank/Financial Institution towards additional working capital loan and term loan, will be payable as Grant Assistance limited to ₹2 lakhs. - **Interest Subvention Assistance:** To provide financial assistance in the form of interest subvention on a reimbursement basis for the additional term loan and additional working capital loan availed by the units based on the Revival Project Report recommended by the expert committee. The interest subvention is 6% per annum subject to a maximum amount of ₹1 lakh. The interest subvention is limited to one (first) year on the loan sanctioned by the financial institution/bank. b) **Restart Expenses:** The following one-time assistance shall be payable as restart expenses based on the Revival Project recommendations of the Expert Committee. - In cases
स्तर
State — Kerala
मंत्रालय / विभाग
Industries and Commerce Department
लाभ का प्रकार
cash
मुख्य पात्रता
1. A MSME unit/enterprise which satisfies the following conditions is eligible for the scheme: - MSME in the manufacturing category and set up in Kerala state. - Does not come under the Negative List. - Must have filed EM Part-II/UAM. - Must come under the definition of Sick Unit and - Must be Poten
अंतिम सत्यापन
Recently

Benefits

1. Entitlement in the scheme shall be limited to an amount of ₹5 lakhs per applicant unit to be availed as one-time assistance only. 2. Assistance/Relief Available from Government: a) **Restructuring of existing loan account:** If the bank is willing to restructure the existing loan account and extend additional term loan/working capital loan based on the Revival Project recommendations of the Expert Committee, the unit is eligible for the following one-time Assistance. These assistances are also eligible for self-financed units availing term loan/working capital loan as part of the Revival Package recommended by the Expert Committee. - **Margin Money Grant:** 50% of the margin insisted by the bank/Financial Institution towards additional working capital loan and term loan, will be payable as Grant Assistance limited to ₹2 lakhs. - **Interest Subvention Assistance:** To provide financial assistance in the form of interest subvention on a reimbursement basis for the additional term loan and additional working capital loan availed by the units based on the Revival Project Report recommended by the expert committee. The interest subvention is 6% per annum subject to a maximum amount of ₹1 lakh. The interest subvention is limited to one (first) year on the loan sanctioned by the financial institution/bank. b) **Restart Expenses:** The following one-time assistance shall be payable as restart expenses based on the Revival Project recommendations of the Expert Committee. - In cases

Eligibility

1. A MSME unit/enterprise which satisfies the following conditions is eligible for the scheme: - MSME in the manufacturing category and set up in Kerala state. - Does not come under the Negative List. - Must have filed EM Part-II/UAM. - Must come under the definition of Sick Unit and - Must be PotenArea: KeralaBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      Step 01: Application can be submitted online through the Official website of the Directorate of Industries & Commerce, Government of Kerala. The applicant needs to visit the official website . Step 02: The applicant may select the scheme “Kerala Stressed MSMEs Revival & Rehabilitation Scheme” from the available Online Services listed on the home page and click on the “Apply Now” option. Clicking “Apply Now” redirects to the Login Page, if the user is “new user”, uses the “Registration” option and if already registered use the ‘Login’ option. Step 03: A new user can register by filling in his/her details and after successful registration, the user can login. Step 04: After successful login, the applicant need to select “New Application” and click on ‘Proceed’ Option. Step 05: Fill out the application form completely and submit.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

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