Back Ended Interest Subsidy Scheme

The MSEs should manufacture quality products at competitive rates, to survive in the global market and face challenges of WTO. To encourage the MSEs for technology up gradation and modernization, ISO certification and Research and Development facilities, the following incentives (subject to a maximum of Rs.10 Lakhs per enterprise over a period of five years) are given by Tamilnadu Government.

  • 3% Black-ended interest subsidy to MSEs for the term loan obtained for Technology Up gradation and modernization.
  • 3% Black-ended interest subsidy to MSEs for the term loan obtained under National Equity Fund Scheme of SIDBI.
  • 3% Black-ended interest subsidy to MSEs for the term loan obtained under NSIC-SIDCO Consortium, composite term loan and loan obtained by Micro Industries under Credit Guarantee Fund Trust Scheme from any bank or financial Institutions.
  • 3% Black-ended interest subsidy to MSEs for the term loan obtained for ISO certification and for the term loan for taking up R&D resulting in Patent Registration and protection of intellectual Property Rights Registration
  • The units with investment up to Rs.5 Crores will be eligible for BEIS.
  • This scheme is being implemented by DIC, TIIC & SIDBI.