Objectives

The scheme envisages supporting defunct MSMEs in the manufacturing sector including cashew processing units through assistance in the form of capital grants and working capital incentives.

Definitions

• Defunct MSMEs – MSMEs which are non operational for 6 months or more but can be revivable. In the case of units which become defunct due to plastic ban and those wish for diversification, the above time limit is not applicable.
• Defunct Cashew Processing Units – The Cashew Processing Units which were defunct at least for six months/ and no matter whether they have received any Government assistance or bank loan within six months and in the process of revival.

Beneficiaries:

All MSMEs in manufacturing sector which are defunct for at least 6 months due to genuine issues including cashew processing enterprises that have potential to be revived and rehabilitated, are eligible for assistance under the scheme.

Financial Assistance

All MSMEs in manufacturing sector which are defunct for at least 6 months due to genuine issues including cashew processing enterprises that have potential to be revived and rehabilitated, are eligible for assistance under the scheme.

Financial Assistance under the scheme provided for the following components.

• Building Renovation- 25% of the total revival project cost limited to Rs.2 lakh: - Building Renovation includes maintenance and repair of existing factory building, construction of fresh roofing in factory shed, infrastructure for Waste Disposal / Treatment facilities etc.
• Plant & Machinery and Electrification-40% of the total revival project cot limited to Rs.8 lakh:- It will be available for purchase of new machinery, Repair and Maintenance of Existing machines, industrial electrification etc. .
• Working Capital (Margin)- 50% margin of working Capital loan approved by Financial institution subject to.
  1. Assistance limited to Rs.2 lakhs for defunct MSMEs.
  2. Assistance limited to Rs.5 lakhs for Cashew Units.

Bank Sanction of fresh working capital loan is mandatory for availing Working Capital (Margin) Assistance, but bank loan is not mandatory for assistance for building renovation, plant and machinery, electrification etc.

How to Apply:

• The applicant should apply in the prescribed proforma
• Provide necessary documents and accounts, revival project proposal etc.
• Execute an agreement with the notified authority to avail the assistance.

Recommending Authority

The Assistant District Industries Officers, Taluk Industries Officers concerned shall be the recommending authority for assistance under this scheme.

Sanctioning Authority:

District Level Committee (DLC) under the chairmanship of District Collector and General Manager, District Industries Centre concerned as convener and lead district Manger and Manger (credit) shall be the Sanctioning Authority.

Apply Online: To submit application to avail the assistance under the scheme and status check click here

For more details : Government Orders & Guidelines

The District Industries Centre could be contacted for more details and hand holding support for submitting the application to avail the assistances.

Contact Details of District Level Officers for the Scheme- Revival and Rehabilitation scheme for Defunct MSMEs and Cashew processing units

Checklist:

• Application in the prescribed format
• Udyog Aadhar/Udyam Registration
• Revival Project Report
• Title deed of land/land tax receipt if applicable
• Ownership Certificate of building if applicable
• Registered Lease deed or rent deed in such cases
• Invoice/bill/Proof of payment of Plant, machinery and electrification
• Valuation of Approved Civil Engineer/ chartered Engineer for civil construction
• Sanction order of Bank for Working Capital Loan if any
• Audited balance Sheet for the year before being defunct
• Any other document as demanded by the recommending/sanctioning authority.

Visit Us

Directorate of Industries Commerce, Vikas Bhavan P.O,Thiruvananthapuram Kerala 695033

Email Us

industriesdirectorate@gmail.com

Call Us

+91- 471-2302774