Modified Interest Subvention Scheme (5.5%) for Micro and Small Manufacturing Enterprises
A programme by Karnataka State Financial Corporation (Karnataka State Financial Corporation)
Government of Karnataka interest subvention for micro and small manufacturing enterprises: an effective 5.5% a year for five years if instalments are paid by the 10th of the month.
At a glance
| Best for | Micro and small manufacturing enterprises, promoted by entrepreneurs of any category, men and women. |
|---|---|
| Duration | Five years of interest subvention from the first disbursement |
| Run with | Government of Karnataka |
About Modified Interest Subvention Scheme (5.5%) for Micro and Small Manufacturing Enterprises
The Government of Karnataka introduced this interest subvention for micro and small manufacturing enterprises, and KSFC implements it. The borrower pays an effective 5.5% a year when each instalment is paid by the 10th of the month, and 6% otherwise. The subvention runs for five years from the first disbursement of the loan.
What you get
- An effective interest rate of 5.5% a year on a KSFC loan when instalments are paid on time
- Five years of subvention from the first disbursement
Who can apply
- Micro and small manufacturing enterprises
- Enterprises promoted by entrepreneurs of any category, men and women
How to apply: The scheme is implemented through KSFC and the scheme sheet gives no separate route, so contact a KSFC branch.
Where to apply
Other KSFC programmes
- Term LoanKSFC's core term loan for new tiny, small-scale, medium-scale and service units, and for expansion, modernisation or diversification of existing units.
- Corporate Loan SchemeShort-term working-capital loans for existing successful units, and construction finance for developers and contractors.
- Privileged Entrepreneurs SchemeShort-term funds for existing KSFC borrowers in the standard category, repayable within 24 months including a six-month moratorium.
- Women Entrepreneurs Scheme (4% Interest Subvention Loan)An interest subvention that brings a KSFC term loan for women-promoted enterprises to an effective 4% a year for five years.
- Interest Subsidy Scheme for SC/ST Entrepreneurs (4%)An interest subsidy that brings KSFC loans to SC- and ST-owned enterprises to an effective 4% a year.