According to the financial budget 2014-2015, in a bid to improve the condition of small scale industries, the Micro and Small Scale Industries (SSIs) of Karnataka are eligible to get an interest subsidy for their loan availed at a rate of 6% from the Karnataka State Financial Corporation (KSFC).
- The interest subsidy is of 6% on loans from KSFC.
- SSI investment limit for any project is of Rs 5 crore as per MSMED Act. But Karnataka government limited this assistance with projects worth of Rs 1 crore. However, they have increased the interest subsidy rate by 6%.
- With this interest subsidy, entrepreneurs can now avail loans from KSFC at 8% now.
- First-generation entrepreneurs can avail loan of maximum 70 lakh at 8%.
Those want to avail loan have to be First-generation entrepreneurs.
How to avail:
To avail 6% interest subsidy, eligible entrepreneurs can contact KSFC or Mysore Industries Association (MIA).
I am puting a new industry plz contact me.
I am M. Dadakhalander form Tekkalakote (p) Bellary (D) Karnataka. I want to start 2Ton Rice Mill in our village please tell me about the Loan & Subsidy Schemes. Please tell me
Thinking you, yours faithfully,
I am MBA graduate from Mysore Karnataka we are friends of group we are willing to set a farm which includes . dairy , poultry , sericulture , goat and sheep farming is there any kind of lone is available more than 10lak . so kindly inform us
Thinking you, yours faithfully
Hi I want to start arceca leaf – plate making small scale industry in Bangaluru, can I get government loan. please tell me how to go about this.
The complete procedure.
Thanking you with regards,