Sarkari Yojana
Back Ended Interest Subsidy (BEIS)
About Back Ended Interest Subsidy (BEIS)
Introduced by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, the “Back Ended Interest Subsidy (BEIS)” scheme eases the financial load on every new micro and small manufacturing enterprise that has taken loans from banks/ other government organizations, by offering a subsidy on their term loans for 5 years.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for Back Ended Interest Subsidy (BEIS), applicants must satisfy the following conditions:
Micro and Small Enterprises that have taken a…
Micro and Small Enterprises that have taken a term loan under Technology upgradation/modernization schemes, the National Equity Funds Scheme (Renamed as Micro / Small Enterprises Funding Scheme), the Scheme for ISO Certification / R & D under the NSIC -SIDCO Consortium, or the Credit Guarantee Fund Trust Scheme.
Newly established enterprises, or existing Micro, Small, and…
Newly established enterprises, or existing Micro, Small, and Medium Enterprises upgrading their plant and machinery with state-of-the-art technology (with or without expansion) by adopting proven, improved technologies in the sub-sectors / products listed in the Government of India's Credit Linked Capital Subsidy Scheme (CLCSS) guidelines.
Benefits Provided
Back Ended Interest Subsidy (BEIS) provides the following benefits to eligible applicants:
New micro and small manufacturing enterprises with term…
New micro and small manufacturing enterprises with term loans of up to ₹ 2,00,00,000 under the Credit Guarantee Fund Trust Scheme (CGTMSE) get a 5% subsidy on those loans for 5 years, capped at ₹ 20,00,000.
New micro and small manufacturing enterprises with term…
New micro and small manufacturing enterprises with term loans of up to ₹ 5,00,00,000 for technology up-gradation / modernization get a 5% subsidy for 5 years, capped at ₹ 25,00,000.
For loans taken up to ₹ 1,00,00,000, the…
For loans taken up to ₹ 1,00,00,000, the BEIS payable per loan cannot exceed ₹ 10,00,000. Mode of Payment The interest subsidy is repaid to the financial institutions every three months, on a quarterly basis.
Documents Required
Applicants should keep the following documents ready before starting the application:
A copy of the Udyog Aadhaar memorandum or…
A copy of the Udyog Aadhaar memorandum or Udyam Certificate.
For enterprises financed by a bank or institution,…
For enterprises financed by a bank or institution, a copy of the loan sanction letter from that Bank / Financial Institution.
A bank certificate supporting the interest claim for…
A bank certificate supporting the interest claim for every quarter, in the Annexure A format.
Statement of interest paid, attested by the bank…
Statement of interest paid, attested by the bank manager. *Upload files in PDF (.pdf) format only, each smaller than 200 kb.
How to Apply
Online Application
Applicants can apply for Back Ended Interest Subsidy (BEIS) through the online application process outlined below.
*The User Manual for the Online Application is available here
Registration - Go to the Official Website/Portal of…
Registration
Go to the
Official Website/Portal
of the Government of Tamil Nadu's Micro, Small, and Medium Enterprises Department and select "
Login / Registration
" in the top ribbon.
Enter the required details correctly in the registration form: Name, Date of Birth, Aadhaar Number, Email ID, and Mobile Number. Set a new password with at least 8 characters, including 1 Upper Case Letter, 1 Lower Case Letter, and 1 Numeric Field.
Type the captcha code and press "Register".
Login Open the Login Page, click "Login", and…
Login Open the Login Page, click "Login", and enter the credentials sent to your registered Email ID and registered Mobile Number.
Form Filling - Once logged in, move the…
Form Filling
Once logged in, move the cursor over "Schemes" in the top ribbon and pick the relevant scheme from the dropdown.
On the following page, move over "Apply Online" in the top ribbon and choose "New Application" from the dropdown.
Complete all mandatory fields of the Application Form, review the details carefully, accept the terms and conditions, declaration, and privacy policy, and press "Proceed".
Record the reference number shown on screen, then press "Close".
Upload Documents - Next, move over "Schemes" in…
Upload Documents
Next, move over "Schemes" in the top ribbon and choose "Upload Documents" from the dropdown.
Enter the Application ID on the following page and press "Submit".
Upload every mandatory document in the prescribed format and size on the next page.
Once uploaded, press "View" to check the documents are correct.
Submission - Tick all the checkboxes at the…
Submission
Tick all the checkboxes at the bottom of the screen and press "Submit Application".
An SMS confirming that the online application has gone to the GM/DIC / RJD will be sent to your mobile phone.
(Optional)
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.