Interest Subsidy Eligibility Certificate (isec) Scheme

Interest Subsidy: Loans available at a concessional interest rate of 4% per annum for working capital.

Subsidy Support: The difference between the actual bank interest rate and 4% is paid by the Central Government through the Khadi and Village Industries Commission (KVIC).

Funding Support: Helps bridge gap between required funds and budgetary allocation.

Sector Coverage: Applicable for khadi and polyvastra sector only.

The applicant must be a khadi institution.

The applicant must have a valid Khadi Certificate.

The applicant must have a sanctioned khadi programme.

The applicant must be registered with Khadi and Village Industries Commission (KVIC) or State Khadi and Village Industries Boards (KVIBs).

Offline

Step 1: The applicant applies to the financing bank for working capital.

Step 2: The applicant submits the Interest Subsidy Eligibility Certificate issued by KVIC.

Step 3: The bank sanctions working capital loan based on requirement.

Step 4: The bank raises reimbursement claim for interest subsidy to the nodal branch.

Step 5: The subsidy amount is reimbursed through KVIC.

Aadhaar Card.

Income certificate.

Caste certificate.

Bank account statement.