Tripura Term Loan Interest Subsidy
By Department of Industries and Commerce, Government of Tripura
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Quick Answer
Tripura reimburses 4% or 5% of interest paid on term loans, with a yearly ceiling of Rs.5.00 lakhs (non-thrust) or Rs.12.00 lakhs (thrust).
About this subsidy
The Tripura Industrial Investment Promotion Incentives Scheme, 2022 offers a partial reimbursement of interest on term loans to eligible industrial enterprises in Tripura. This record is that interest incentive (section 5). It is not a new loan from the State and not a guarantee. You borrow from a lender on ordinary terms, pay the interest, and then claim a slice of that interest back from the Department of Industries and Commerce.
For the Non-Thrust Sector the clause reimburses 4% of interest paid on the term loan, with an upper ceiling of Rs.5.00 lakhs per enterprise per annum. For the Thrust Sector it reimburses 5% of interest paid on the term loan, with an upper ceiling of Rs.12.00 lakhs per enterprise per annum. The percentages are the reimbursement rates stated in the policy, not a rewrite of the bank's contract rate. The highest rupee ceiling in the clause is Rs.12.00 lakhs (Thrust Sector).
Only enterprises that have actually drawn a term loan and paid interest can claim. Working-capital interest is not named in this clause; the wording is interest paid on term loan. Keep the sanction letter, disbursement proof, interest certificates, and bank statements. Non-Thrust and Thrust Sector units both qualify, at the different rate and ceiling pairs above.
File on SWAAGAT and through the District Industries Centre. TIIPIS 2022 is rolling; there is no deadline in this clause. The State does not take equity for this subsidy and does not ask the reimbursed interest back if the unit stays eligible. Defaulting on the term loan is a matter between you and the lender; this claim only reimburses a stated share of interest already paid, within the yearly ceiling.
Eligibility
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Subsidy providers
Benefits & Funding
- Amount
- Up to ₹12 Lakhs
What You Get
The State pays back part of the interest you already paid on a term loan. Non-Thrust Sector: 4% reimbursement of interest paid, upper ceiling Rs.5.00 lakhs per enterprise per annum. Thrust Sector: 5% reimbursement of interest paid, upper ceiling Rs.12.00 lakhs per enterprise per annum. Those percentages are the subsidy rates in the clause, not a promise that the bank will charge 4% or 5%. The highest yearly rupee ceiling stated is Rs.12.00 lakhs. The subsidy is not repayable as a loan and does not buy the State a share of the company.
- Disbursement
- Reimbursement
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
Selection Process
The Department of Industries and Commerce and the District Industries Centre check that the claimant is an eligible Tripura industrial enterprise, that the loan is a term loan, and that interest was actually paid. They apply 4% with a Rs.5.00 lakhs yearly ceiling (Non-Thrust) or 5% with a Rs.12.00 lakhs yearly ceiling (Thrust). There is no jury. Claims that cannot show interest paid, or that mix in interest the clause does not name, are queried or refused. Approved amounts are reimbursed to the enterprise.
Application Process
- 1
Pay term-loan interest
Service the term loan and collect interest-paid certificates from the lender for the claim period.
You - 2
- 3
- 4
How to apply
Four steps from draft to disbursement — one action each.
- 1
Submit on the official portal
Use the official application link and verify all details before final submission.
- 2
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What share of interest is reimbursed?
4% of interest paid on the term loan for the Non-Thrust Sector, and 5% of interest paid on the term loan for the Thrust Sector. Those are the rates written in the clause.
What is the yearly rupee ceiling?
Rs.5.00 lakhs per enterprise per annum (Non-Thrust) and Rs.12.00 lakhs per enterprise per annum (Thrust). The higher of those ceilings is Rs.12.00 lakhs.
Does this replace my bank loan?
No. You still borrow from the lender and pay interest to that lender. Tripura reimburses a stated share of interest already paid, within the ceiling.
Does working-capital interest qualify?
This clause names interest paid on term loan. It does not name working-capital interest. File only against term-loan interest unless the Department later tells you otherwise in writing.
Who can claim?
Eligible industrial enterprises in Tripura in the Non-Thrust or Thrust Sector that have paid interest on a term loan.
Where do I apply?
On SWAAGAT at https://swaagat.tripura.gov.in/ and through the District Industries Centre, Department of Industries and Commerce, Government of Tripura. There is no deadline in this clause.
What proof is needed?
Term-loan sanction and disbursement papers, interest paid certificates or bank statements for the claim year, and proof that the unit is an eligible Tripura industrial enterprise in the sector band you tick.
