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

The 'Interest Subvention on Working Capital' component sits within the larger Assam Tea Industries Special Incentives Scheme (ATISIS) and is administered by the Finance (Institutional Finance) Department, Government of Assam. It seeks to strengthen the long-term financial viability of Assam's tea industry. The component also encourages tea manufacturers to move away from the traditional Crush, Tear, Curl (CTC) method towards Orthodox tea production, which tends to fetch higher market prices and supports product diversification. The intent is to improve the competitiveness and value proposition of Assam tea in global markets. Under this component, eligible units receive an interest subvention of 3% per annum on working capital loans, which lowers their financial burden.

Delivery of this component involves the Finance Department and the Industries & Commerce Department, Government of Assam, working together. Implementation is carried out through multiple agencies, chiefly Scheduled Commercial Banks and Public Financial Institutions, along with District Industries & Commerce Centres across Assam. This arrangement is meant to provide wide coverage and to process applications and claims efficiently.

Applications are accepted only through a dedicated online portal, which streamlines submission and verification. Subvention amounts are credited straight to the beneficiary's bank account through a Direct Benefit Transfer (DBT) mechanism, so support reaches recipients without intermediaries. The system works on a reimbursement basis: eligible tea units may claim the subvention after the close of each financial year. It covers working capital loans sanctioned or renewed from April 1st of the applicable financial years up to FY 2027-28.

1. **Step 1: Registration of a new user:** Go to the [dedicated portal](https://atisis.assam.gov.in/atsisver/login.html) and select 'New User Registration'. Provide your basic particulars, set up a username and password, authenticate your mobile number through OTP, and complete the Captcha. Submit the form.

2. **Step 2: Activation of account:** Look for the account activation link sent to your registered email address and click on it. Use your newly created credentials to log in to the portal.

3. **Step 3: Registration of unit and uploading of documents:** Upload every supporting eligibility document in the prescribed format. Provide full unit details, covering location, type of tea production, and capacity. Submit the unit registration form and wait for approval.

4. **Step 4: Application for benefits:** After registration, log in to the portal, go to the 'Apply for Benefits' section, and choose the 'Interest Subvention on Working Capital' scheme component.

5. **Step 5: Completion of application form:** Fill in the prescribed application form with all mandatory fields and upload every required supporting document, making sure file formats and sizes conform to portal guidelines. Check all information for accuracy.

6. **Step 6: Final submission:** Review the entire application before submitting it online. Note down your application reference number and retain a copy of the submitted form for future tracking.

Once submitted, an application is routed automatically to the relevant bank. There, the bank checks the borrower's credentials, confirms the interest figure of 3%, verifies that the loan account is classified as 'Standard', and reviews the interest servicing status. If these checks are satisfied, the application is approved on the portal.

Where the claims are found to be in order, the Commissioner, Industries & Commerce Department, passes them on to the Finance Department. That department then processes the claim for online reimbursement, so that the subsidy amount reaches the beneficiary's registered bank account through Direct Benefit Transfer.