The scheme "Revival and Rehabilitation Scheme for Defunct MSMEs and Cashew Processing Units" envisages supporting defunct MSMEs in the manufacturing sector including cashew process...
Department: · Level: state · State: Kerala
1. Entitlement in the scheme shall be limited to тВ╣15 Lakhs per applicant unit and it can avail only once. 2. Financial Assistance under the scheme provided for the following components- a) Building Renovation - 25% of the total revival project cost limited to тВ╣2 lakh: i) Building Renovation includes maintenance and repair of existing factory buildings, construction of fresh roofing in the factory shed, infrastructure for Waste Disposal / Treatment facilities etc. b) Plant & Machinery and Electrification - 40% of the total revival project cot limited to тВ╣8 lakh: i) It will be available for the purchase of new machinery, Repair and Maintenance of Existing machines, industrial electrification etc. c) Working Capital (Margin) - 50% margin of working Capital loan approved by financial institution subject to i) Assistance is limited to тВ╣2 lakhs for defunct MSMEs. ii) Assistance is limited to тВ╣5 lakhs for Cashew Units. d) Maximum Limit тВ╣12 lakhs for defunct MSMEs per unit. e) Maximum Limit тВ╣15 lakhs for defunct cashew processing per unit. **Note 01:** Bank Sanction of fresh working...
1. All MSMEs in the manufacturing sector which are defunct for at least 6 months due to genuine issues including cashew processing enterprises that have the potential to be revived and rehabilitated, are eligible for assistance under the scheme. > **Obligations of the Applicant Entrepreneurs:** 1. The applicant shall provide all required details and declare such information as to be true. 1. The applicant shall provide clarifications or further details sought by the recommending/ sanctioning authority. 1. The applicant shall allow inspection or verification of any details mentioned in the application including plant and machinery and all other assets if so required by recommending/ sanctioning authority. 1. The applicant shall produce originals of any important documents if so required by the recommending/ sanctioning authority for verification. 1. The applicant shall execute the requisite legal agreement on Stamp paper worth тВ╣200 as and when the proposal is approved for implementation and furnishes the signed hard copy to General Manager, District Industries Centre. 1. The applicant shall utilize the amount received only in the manner agreed upon as per the...
**Online** **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](https://schemes.industry.kerala.gov.in/public/index.php/schemes). **Step 02:** The applicant may select the scheme тАЬRevival and Rehabilitation Scheme for Defunct MSMEs and Cashew Processing UnitsтАЭ from the available Online Services listed on the home page and click on the тАЬApply NowтАЭ option. Clicking тАЬApply NowтАЭ redirects to the Login Page, if the user is a тАЬnew userтАЭ, use the тАЬRegistrationтАЭ option and if already registered use the тАШLoginтАЩ 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 needs to select тАЬNew ApplicationтАЭ and click on тАШProceedтАЩ Option. **Step 05:** Fill out the application form completely and submit it.