Interest Subvention on Working Capital under the Assam Tea Industries Special Incentives Scheme

The 'Interest Subvention on Working Capital' component operates under the broader 'Assam Tea Industries Special Incentives Scheme (ATISIS)', introduced by the Finance (Institutional Finance) Department, Government of Assam. Its purpose is to support the long-term financial stability of Assam's tea industry. The scheme also encourages tea manufacturers to shift from the traditional Crush, Tear, Curl (CTC) method to Orthodox tea production, which typically fetches higher market prices and offers product diversification. This approach seeks to improve the global competitiveness and value of Assam tea. Eligible units receive an interest subvention of 3% per annum on working capital loans, easing their financial load.

Implementation is a joint effort between the Finance Department and the Industries & Commerce Department, Government of Assam. They operate through multiple implementing agencies, including Scheduled Commercial Banks, Public Financial Institutions, and the District Industries & Commerce Centres across Assam. This multi-agency structure supports wide coverage and smooth handling of applications and claims.

The scheme features an online-only application process through a dedicated portal, making submission and verification straightforward. The interest subvention is paid directly to the beneficiary's bank account via a Direct Benefit Transfer (DBT) mechanism, removing intermediaries. This reimbursement-based system lets eligible tea units claim the subvention after each financial year ends, covering working capital loans sanctioned or renewed from April 1st of the applicable financial years up to FY 2027-28.

- **Step 1: New User Registration:** Go to the [dedicated portal](https://atisis.assam.gov.in/atsisver/login.html) and select 'New User Registration'. Provide the required basic details, set up a username and password, authenticate your mobile number through an OTP, and complete the Captcha. Submit the form. - **Step 2: Account Activation:** Look for the account activation link sent to your registered email address and activate your account. Sign in to the portal with the credentials you created. - **Step 3: Unit Registration & Document Upload:** Submit all supporting eligibility documents in the specified format. Provide complete unit details, such as location, type of tea production, and capacity. File the unit registration form and wait for approval. - **Step 4: Apply for Benefits:** After registration, sign in to the portal, go to the 'Apply for Benefits' section, and choose the 'Interest Subvention on Working Capital' scheme component. - **Step 5: Fill Application Form:** Fill out the prescribed application form with every mandatory field and attach all necessary supporting documents, making sure file formats and sizes meet portal requirements. Verify all details for correctness. - **Step 6: Final Submission:** Check the entire application before submitting it online. Keep a record of your application reference number and retain a copy of the submitted form for future reference.

The application is checked through several stages. It is first sent automatically to the relevant bank, which verifies the interest amount at 3%, the borrower's credentials, the loan account classification (confirming it is 'Standard'), and the interest servicing status. Once the bank verifies these details successfully, the application is approved on the portal.

If the claims are then found to be in order, the Commissioner, Industries & Commerce Department, sends them to the Finance Department. The Finance Department processes the claim for online reimbursement, ensuring the subsidy amount is transferred directly to the beneficiary's registered bank account through Direct Benefit Transfer.