Scheme for Interest Subvention to Nano Household Enterprises

The Government of Kerala has launched the Scheme for Interest Subvention to Nano Household Enterprises, which supports the expansion of nano and household-level units throughout the state. Under this initiative, emerging businesses receive interest subvention as financial assistance, paid out as reimbursement against term loans taken by these units. Manufacturing, services, and job work enterprises are the focus, given their capacity to create employment and strengthen the local economy.

The scheme pursues several goals: establishing new self-employment projects at the household level, bringing nano and household units together to widen employment potential, and securing stable, long-term livelihoods with greater wage-earning capacity for unorganised sector units. It also targets financial support gaps that existing state or central government schemes leave unaddressed, especially for micro-scale ventures.

Units with a capital investment of ₹10 Lakhs or less qualify, covering activities such as processing, packaging, assorted repair services, laundry, and recycling. Interest subvention is available for the first three years of operation, easing the burden during a business's early stages, while conditions tied to prompt repayment encourage financial discipline. For small enterprises that would otherwise face heavy initial interest costs, this assistance is essential, freeing them to concentrate on growth and stability.

**Online:**

1. Go to the Directorate of Industries & Commerce, Government of Kerala website at https://schemes.industry.kerala.gov.in/public/index.php/schemes. 2. From the Online Services listed, choose "Scheme for Interest Subvention to Nano Household Enterprises" and select "Apply Now." 3. New users must register by entering their details; those who already have an account can log in straightaway. 4. Once logged in, choose "New Application" and select "Proceed." 5. Fill in the application form in full and submit it online.

**Offline:**

1. Download the application form given in "Annexure-1" of the Scheme Guideline at https://old.industry.kerala.gov.in/images/pdf/Go3.pdf. 2. Fill in the form correctly and attach every document that is required. 3. Hand over the completed application to the Assistant District Industries Officer (ADIO) at the taluk office concerned, or to the District Industries Centre (DIC).

The recommending or sanctioning authority — the ADIO or the DIC — examines each application, whether filed online or offline. Where details need to be verified, this authority may call for additional documents or clarifications from the applicant or from their financial institution.

Applicants must supply accurate information, respond to any clarifications sought, and permit inspection or verification of their assets when required. Once a quarter ends, the recommending or sanctioning authority communicates the outcome to applicants, either directly or electronically.