Chhattisgarh Payment Facility for Sick Enterprises
By Department of Industries, Government of Chhattisgarh
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Quick Answer
Enterprises declared sick in Chhattisgarh can pay outstanding dues in 36 equal monthly or 12 equal quarterly instalments under the Industrial Development Policy 2024-30.
- Funding amount
- Varies
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Chhattisgarh
About this loan
Under the Chhattisgarh Industrial Development Policy 2024-30, an enterprise formally declared sick can pay its outstanding dues in instalments. The Government of Chhattisgarh offers this facility.
You can pay the principal, along with penalties, interest and surcharges, in 36 equal monthly instalments or 12 equal quarterly instalments. This spreads the cost so you are not hit with a lump sum while you work on recovery. The only requirement is that the competent authority in Chhattisgarh has formally declared your enterprise sick.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Benefits & Funding
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
This facility offers significant financial relief by allowing declared sick enterprises to defer and systematically repay their outstanding dues. Beneficiaries can opt to pay the principal amount, along with all accrued penalties, interest, and surcharges, over a manageable period of 36 equal monthly instalments or 12 equal quarterly instalments. This structured repayment plan alleviates immediate financial pressure, providing critical breathing room for businesses to reorganize their operations, explore new revenue streams, and work towards financial stability without the burden of a lump-sum payment. It essentially acts as a financial restructuring tool, enabling a more predictable cash outflow and contributing to the overall recovery strategy of the enterprise.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The selection process for availing this payment facility hinges primarily on the formal declaration of an enterprise as 'Sick'. This status is typically determined by financial institutions or designated government bodies based on predefined criteria related to financial performance, net worth erosion, and inability to meet debt obligations. Once an enterprise is officially declared sick, its application for the payment facility under the Chhattisgarh Industrial Development Policy 2024-30 will be reviewed to ensure compliance with the policy's terms. The authorities will verify the outstanding dues and the eligibility status before approving the structured payment plan.
Application Process
- 1
Obtain Sick Enterprise Status
Secure formal declaration as a 'Sick Enterprise' from the relevant authority or financial institution.
You - 2
- 3
- 4
- 5
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
Who is eligible for this payment facility?
This facility is exclusively for enterprises that have been formally declared as 'Sick' by the competent authorities in Chhattisgarh.
What kind of dues can be paid through this facility?
The facility covers the principal amount of outstanding dues, along with all associated penalties, interest, and surcharges.
What are the available repayment options?
Enterprises can choose to pay their outstanding dues in either 36 equal monthly instalments or 12 equal quarterly instalments.
Does this facility provide new funding?
No, this facility does not provide new funding or a grant. It is a mechanism to restructure the repayment of existing outstanding dues, offering flexibility and financial relief.
How does this help a sick enterprise?
By allowing repayments over a longer period, it significantly reduces immediate financial burden, improves cash flow management, and provides an opportunity for the enterprise to recover and return to profitability.
Where can I find more details on the application process?
Further details regarding the application process can be found in the comprehensive Chhattisgarh Industrial Development Policy 2024-30 document, available on the Invest Chhattisgarh website.
