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The Micro, Small and Medium Enterprises [MSME] sector is a significant contributor to the economy. Hon’ble Prime Minister while launching outreach initiative for MSME sector on November 2nd, 2018 highlighted that access to credit, access to market, technology up gradation, ease of doing business and a sense of security for employees are five key aspects for facilitating MSME sector. Twelve announcements have been made to address each of these five categories. As part of access to credit, Prime Minister announced 2% interest subvention for all GST registered MSMEs, on fresh or incremental loans.
Ministry of MSME (MoMSME) has decided that a new scheme viz. “Interest Subvention Scheme for Incremental credit to MSMEs 2018” will be implemented over 2018-19 and 2019-20.
For eligibility & other queries, pl refer FAQ’s.
Click here to view the affidavit
Interest Subvention scheme is offered by GOI to Micro, Small & Medium enterprise (MSME’s) 2018
Any incremental credit availed from 2nd November 2018 onwards will be eligible for this ISS benefit. Validity of this scheme is up till 31st March 2020.
Kavita Khavare / Pravin Katpara (CV & CE – Division)
Subject: For Interest Subvention Scheme Nov’ 2018
Kotak Infiniti, 4th Floor, Zone 2, Building No. 21, Infinity Park, Off Western Express Highway, General AK Vaidya Marg, Malad (E) –Mumbai - 400097