|Manufacturing Sector||Services Sector|
|Micro Enterprise||The investment in Plant and machinery ( Original Cost) does not exceed Rs 25 lakhs||The investment in Equipment does not exceed Rs 10 lakhs|
|Small Enterprise||The investment in Plant and machinery ( Original Cost)is more than Rs 25 lakhs but does not exceed Rs 500 lakhs||The investment in Equipment is more than 10 lakhs but does not exceed Rs 200 lakhs|
|Medium Enterprise||The investment in Plant and machinery ( Original Cost) is more than 500 lakhs but does not exceed Rs 1000 lakhs||The investment in Equipment is more than Rs 200 lakhs but does not exceed Rs 500 lakhs|
The entrepreneur is required to furnish information in the application form for availing assistance for agro industrial project, agri infrastructure project and center for excellence. He is required to prepare the detailed project report and get it appraised by the financial institution providing term loan for the proposed project. The interest subsidy shall be granted towards interest on term loan from nationalised banks and financial institutions recognised by Reserve Bank of India. In case the term loan is granted by a co-operative bank, the entrepreneur is required to get the project appraised by GITCO or such organisation nominated by GAIC. The cost of the appraisal shall be borne by the entrepreneur.
The entrepreneur shall get back ended interest subsidy after the project has commenced the commercial production. The certificate from the bank/ financial institution is required to be submitted before disbursement of subsidy can take place. The interest subsidy payable to the entrepreneur will be sent directly to the bank / financial institution.