Sarkari Yojana
“Interest Subvention on Working Capital” under the “Assam Tea Industries Special Incentives Scheme”
About “Interest Subvention on Working Capital” under the “Assam Tea Industries Special Incentives Scheme”
The “Interest Subvention on Working Capital” element of the “Assam Tea Industries Special Incentives Scheme (ATISIS)”, administered by the Finance (Institutional Finance) Department, Government of Assam, works to keep the tea industry financially viable over the long run and to push manufacturers away from Crush, Tear, Curl tea toward Orthodox tea production. It subsidizes the interest on working capital loans by 3% per annum. The Finance Department and the Industries & Commerce Department, Government of Assam, jointly implement the scheme through several agencies, including banks and the District Industries & Commerce Centre, with applications accepted online via a dedicated portal and reimbursement made through Direct Benefit Transfer.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for "Interest Subvention on Working Capital" under the "Assam Tea Industries Special Incentives Scheme", applicants must satisfy the following conditions:
General Eligibility
The applicant must be a tea plantation of…
The applicant must be a tea plantation of any size.
The applicant must be a tea manufacturing unit…
The applicant must be a tea manufacturing unit producing Crush, Tear, Curl Tea, Orthodox Tea, or Speciality tea, including Green tea, Oolong Tea, White tea, Yellow tea, and Purple tea.
The applicant's operations must be based entirely within…
The applicant's operations must be based entirely within Assam.
No part of the applicant's plantation or manufacturing…
No part of the applicant's plantation or manufacturing facility may lie outside the State of Assam. Interest Subvention Specific Eligibility
The applicant must have taken a loan from…
The applicant must have taken a loan from a Scheduled Commercial Bank or a Public Financial Institution.
The loan must be a Working Capital Loan…
The loan must be a Working Capital Loan used directly for plantation or manufacturing activities related to tea.
The Working Capital must have been sanctioned or…
The Working Capital must have been sanctioned or renewed on or after 1st April of the financial year for which the claim is made (2023-24, 2024-25, 2025-26, 2026-27, or 2027-28).
The applicant's loan account must not be classified…
The applicant's loan account must not be classified as a Non-Performing Asset under Reserve Bank of India guidelines as of the claim filing date.
The applicant must not have received any interest…
The applicant must not have received any interest subsidy from any other scheme.
Benefits Provided
"Interest Subvention on Working Capital" under the "Assam Tea Industries Special Incentives Scheme" provides the following benefits to eligible applicants:
Benefit Amount:
3% per annum interest subvention on the Working Capital Loan. Maximum Claimable Amount: ₹20,00,000/- per year, per unit (garden). Validity Period: Extended for five years, through the end of Financial Year 2027-28. Applicable Financial Years: 2023-24, 2024-25, 2025-26, 2026-27, and 2027-28. Disbursement Mode: Reimbursed via Direct Benefit Transfer. Claim Period: After the close of each financial year.
Documents Required
Applicants should keep the following documents ready before starting the application:
Sanction letter for the Working Capital Loan
Sanction letter for the Working Capital Loan
Bank statement detailing the Working Capital Loan
Bank statement detailing the Working Capital Loan
Interest certificate from the Scheduled Commercial Bank or…
Interest certificate from the Scheduled Commercial Bank or Public Financial Institution
Self-declaration confirming no interest subsidy has been availed…
Self-declaration confirming no interest subsidy has been availed under any other scheme
Certificate classifying the loan account (confirming its Non-Performing…
Certificate classifying the loan account (confirming its Non-Performing Asset status)
Registration documents for the tea plantation or manufacturing…
Registration documents for the tea plantation or manufacturing unit
How to Apply
Online Application
Applicants can apply for "Interest Subvention on Working Capital" under the "Assam Tea Industries Special Incentives Scheme" through the online application process outlined below.
Registration Process
Go to the dedicated portal of the "Assam…
Go to the dedicated portal of the "Assam Tea Industries Special Incentives" Scheme and select "New User Registration."
Enter basic details such as name, mobile number,…
Enter basic details such as name, mobile number, and email address in the registration form. Set up a username and password that meet the portal's password rules. Verify your mobile number using the one-time password sent to it, complete the captcha check, and submit the form.
Check the registered email inbox for the account…
Check the registered email inbox for the account activation link, click it to activate the account, and then sign in to the portal with the registered credentials.
Upload all documents needed to establish eligibility, in…
Upload all documents needed to establish eligibility, in the required format. Enter complete details of the unit — location, type of tea produced, and capacity — and submit the unit registration form. Wait for the registration to be approved. Application Process
Sign in to the portal, go to the…
Sign in to the portal, go to the "Apply for Benefits" section, and choose the scheme component you wish to apply under.
Complete the prescribed application form in full, upload…
Complete the prescribed application form in full, upload every supporting document the portal asks for, keep file formats and sizes within the portal's limits, and check all entered details for accuracy.
Upload the documents in the correct format and…
Upload the documents in the correct format and size, making sure each one is clear and legible, and go through the document verification checklist.
Review the entire application once more before submitting…
Review the entire application once more before submitting it online. Make a note of the application reference number, and keep a saved copy of the submitted form. It is advisable to retain the submitted application, the confirmation message, and the reference number for later tracking and reference. Verification Process
The application is automatically forwarded to the relevant…
The application is automatically forwarded to the relevant bank, which checks the 3% interest amount, the borrower's credentials, the loan account's Standard classification, and the interest-servicing record before approving it on the portal.
Once verified and found to be in order,…
Once verified and found to be in order, the Commissioner, Industries & Commerce Department, forwards the claim to the Finance Department, which processes it for online reimbursement through Direct Benefit Transfer. Disbursement Process The Finance Department credits the subsidy directly to the beneficiary's bank account, with Short Message Service alerts sent when funds are released; the beneficiary then receives the Direct Benefit Transfer in their registered account. Application Status Tracking Applicants can log in to the portal to check their application's status and follow its progress through each stage of verification, receiving Short Message Service alerts throughout — from registration to fund release. Important Deadlines Claims must be filed after the close of each financial year. For technical support, write to atisis.assam@gmail.com.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.