Sarkari Yojana
Interest Subsidy Eligibility Certificate (ISEC) Scheme
About Interest Subsidy Eligibility Certificate (ISEC) Scheme
Introduced in 1977 by the Ministry of Micro, Small and Medium Enterprises, Government of India, the “Interest Subsidy Eligibility Certificate (ISEC)” scheme gives khadi institutions concessional credit at 4% interest, through subsidy support, to cover their working capital needs.
Scheme Overview
Central Government
Ministry Of Micro, Small and Medium Enterprises
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Interest Subsidy Eligibility Certificate (ISEC) Scheme, applicants must satisfy the following conditions:
The applicant must be a khadi institution
The applicant must be a khadi institution.
The applicant must hold a valid Khadi Certificate
The applicant must hold a valid Khadi Certificate.
The applicant must have a sanctioned khadi programme
The applicant must have a sanctioned khadi programme.
The applicant must be registered with the Khadi…
The applicant must be registered with the Khadi and Village Industries Commission (KVIC) or a State Khadi and Village Industries Board (KVIB).
Benefits Provided
Interest Subsidy Eligibility Certificate (ISEC) Scheme provides the following benefits to eligible applicants:
Interest Subsidy
Interest Subsidy: Working capital loans are available at a concessional 4% per annum interest rate.
Subsidy Support: The Central Government, through KVIC, pays the gap between the actual bank interest rate and 4%.
Funding Support: Helps close the gap between the funds needed and the budgetary allocation.
Sector Coverage: Applies only to the khadi and polyvastra sector.
Documents Required
Applicants should keep the following documents ready before starting the application:
Applicant's Aadhaar card as proof of identity
Applicant's Aadhaar card as proof of identity.
A certificate stating the applicant's income
A certificate stating the applicant's income.
Certificate confirming the applicant's caste
Certificate confirming the applicant's caste.
Statement of the applicant's bank account
Statement of the applicant's bank account.
How to Apply
Offline Application
Applicants can apply for Interest Subsidy Eligibility Certificate (ISEC) Scheme through the offline application process outlined below.
The applicant approaches the financing bank for working…
The applicant approaches the financing bank for working capital.
The applicant submits the Interest Subsidy Eligibility Certificate…
The applicant submits the Interest Subsidy Eligibility Certificate issued by KVIC.
The bank sanctions the working capital loan based…
The bank sanctions the working capital loan based on the requirement.
The bank files a reimbursement claim for the…
The bank files a reimbursement claim for the interest subsidy with the nodal branch.
KVIC reimburses the subsidy amount
KVIC reimburses the subsidy amount.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.