Scheme for Interest Subvention to Nano Household Enterprises

The Government of Kerala has introduced the Scheme for Interest Subvention to Nano Household Enterprises to support the growth of nano and household-level units across the state. Financial assistance is provided through interest subvention, disbursed on a reimbursement basis for term loans taken by these enterprises. The scheme is aimed at businesses involved in manufacturing, services, and job work, acknowledging their role in generating employment and strengthening the local economy.

The scheme’s objectives include establishing new self-employment projects within households, aggregating nano and household units to enhance employment potential, and ensuring sustainable livelihoods with improved wage-earning capacity for units in the unorganised sector. It also addresses financial support gaps not covered by existing state or central government programmes, particularly for micro-scale ventures.

Eligibility is open to units with a capital investment of ₹10 Lakhs or less, covering activities such as processing, packaging, repair services, laundry, and recycling. Interest subvention is offered for the first three years of operation, subject to conditions of prompt repayment. This support helps small enterprises manage initial interest burdens and focus on growth and stability.

**Online Mode:** - Go to the official portal of the Directorate of Industries & Commerce, Government of Kerala, accessible at https://schemes.industry.kerala.gov.in/public/index.php/schemes. - From the list of Online Services, choose "Scheme for Interest Subvention to Nano Household Enterprises" and press "Apply Now." - New users must register by providing their details; returning users can sign in directly. - Once logged in, pick "New Application" and press "Proceed." - Fill in the application form completely and submit it through the portal.

**Offline Mode:** - Download the application form, which appears as "Annexure-1" in the Scheme Guideline, from https://old.industry.kerala.gov.in/images/pdf/Go3.pdf. - Complete the form and attach every required document. - Hand in the finished application to the Assistant District Industries Officer (ADIO) at the relevant taluk office or to the District Industries Centre (DIC).

The recommending or sanctioning authority, namely ADIO or DIC, examines applications received through either online or offline channels. During this review, the authority can ask the applicant or their financial institution for additional documents or clarifications to confirm the submitted details. Applicants must supply accurate information, respond to any requests for clarification, and permit inspections or verification of their assets when necessary. At the conclusion of each quarter, the authority notifies applicants of the decision directly or through electronic means.