The scheme āMargin Money Grant to Nano Unitsā is a loan-linked scheme operated by Directorate of Industries & Commerce, Govt. of Kerala. The scheme aims to provide financial assist...
Department: · Level: state · State: Kerala
1. Units with project costs up to ā¹10 Lakhs will be covered in the scheme. 2. Margin Money Grant of 30% to 40% of the Total Project cost according to the category of the applicant. 3. Women, Youth (Age between 18 and 40), Differentially-Abled Persons, Ex-Servicemen, and persons belonging to the SC/ST category will be eligible for a 10% additional Grant. 4. The maximum limit of margin money grant under the scheme shall be ā¹4 lakhs per unit as follows. a. Loan given by financial institution/KFC/Co-operative bank: Minimum 40 % of the project cost b. Promoterās contribution: Minimum 30 % of the project cost c. Margin money grand by Industries department: 30 % of the project cost limited to a maximum of 3 lakhs d. In case of special categories MMG will be 40 % of the project cost limited to a maximum of 4 lakhs and promoterās contribution shall be 20%. > **Financial Assistance:** **Category****Loan from Financial Institution (Minimum)****Beneficiary Contribution (Minimum)****Margin Money Grant (Maximum)**General40%30%30%Special40%20%40%**Note:** The assistance under the scheme shall be released to the eligible entrepreneur by bank on a pro-rata basis.
1. All new Nano proprietary enterprises in manufacturing/food processing and job works and units engaged in the service sector having any type of value addition, whose project cost includes fixed capital and working capital up to 10 lakhs are eligible for assistance under the scheme. 1. The unit shall not have availed any grant assistance earlier under any schemes of the Government of India & Government of Kerala or Local Self Government Department. **Note 01:** Preference is given to special categories such as women, handicapped persons, ex-servicemen, and persons belonging to SC/ST. **Note 02:** Youth entrepreneurs up to the age of 40 are also given priority under the scheme. **Note 03:** 30% of the beneficiaries under the scheme shall be women entrepreneurs. **Note 04:** Industrial units which receive the assistance will be under obligation to remain working continuously for three years from the date of receipt of the grant. However, it is necessary that a unit shall be a working one as of the date of release of the assistance. > **Obligation of an applicant:** 1. The applicant shall provide all required details and declare such information as to be true....
**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 āOne Family One Enterpriseā from the available Online Services listed on the home page and click on the āApply Nowā option. Clicking āApply Nowā redirects to the Login Page, if the new user uses the āRegistrationā option and if already registered use the āLoginā 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 may fill out the application form. **Step 05:** After filling out the application form completely and then click on āSubmitā. **Offline** - [Application form](https://industry.kerala.gov.in/images/pdf/Nano-Grant-Application-Form.pdf) shall be submitted to the Assistant District Industries Officer, Taluk Industries Office concerned with all supporting documents including the sanction letter with recommendation from the ba...