Updated on December 19, 2024 03:50:39 PM
The MSME Subsidy in Jammu & Kashmir provides a list of incentives to boost the Micro, Small, and Medium Enterprises’ growth under the MSME Policy 2020. MSMEs are a major source of employment, contributors to growth and enhancement of the industrial base of the state. The MSME Subsidy in Jammu & Kashmir in terms of financial aid, incentives and loans for a firm to enhance technology, skill and infrastructural development.
Entrepreneurs avail MSME Subsidy in Jammu & Kashmir which mainly aims at making the state more favorable for growth of MSME of different types of sectors. The MSME Subsidy in Jammu & Kashmir was formulated to at least ensure a definite subsidization in efforts targeting innovation, competitiveness and general productivity within the Micro, Small and Medium Enterprises business environment.
The MSME Subsidy in Jammu & Kashmir is helpful to encourage new venture development and industrialization and also redeem the cost for business and extend occupation in the state. As regards the returns, the MSME Subsidy in Jammu & Kashmir helps micro, small and medium enterprises to acquire capital and superior technology for increasing productivity, expanding the market and enhancing the product quality and competitiveness. The MSME Subsidy in Jammu & Kashmir also promotes the growth of industries with specialization to Point of Sale areas and also promotes exports by way of development of facilities. Other benefits of MSME Subsidy in Jammu & Kashmir are tax incentives, and interests make the financial position better; therefore, MSMEs are excellent actors of the economic development of Jammu & Kashmir.
The goals of the MSME Subsidy in Jammu & Kashmir offers various incentives to the Micro, Small, and Medium Enterprises in the state to boost economic development. Some of the benefits of MSME Subsidy in Jammu & Kashmir are listed below:
The MSME Subsidy in Jammu & Kashmir provides financial assistance and incentives to Micro, Small, and Medium Enterprises under 17 categories which are listed below:
Prime Minister Employment Generation Programme (PMEGP) - Project Cost and Subsidy/Margin Money
| Sector | Maximum Project Cost | Maximum Subsidy - General | Maximum Subsidy - Special Categories (NER/Hill States) |
|---|---|---|---|
| Manufacturing | ₹1.00 crore | ₹15 lakh | ₹20 lakh |
| Business/Service | ₹25 lakh | ₹3.75 lakh | ₹5 lakh |
a. Subsidy Rate for Categories
| Category | Urban Subsidy (%) | Rural Subsidy (%) | Beneficiary Contribution (%) |
|---|---|---|---|
| General | 15% | 25% | 10% |
| Special (SC/ST/OBC, Women, etc.) | 25% | 35% | 5% |
Financial Assistance for PMEGP/MUDRA Unit Expansion
| Sector | Maximum Project Cost | Maximum Subsidy - General | Maximum Subsidy - NER/Hill States |
|---|---|---|---|
| Manufacturing | ₹1.00 crore | ₹15 lakh | ₹20 lakh |
| Service/Trading | ₹25 lakh | ₹3.75 lakh | ₹5 lakh |
a. Financial Assistance Rate
| Subsidy Rate (%) | Beneficiary Contribution (%) |
|---|---|
| 15% (20% for NER & Hill States) | 10% |
Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)
| Loan Limit | Coverage | Guarantee Fee |
|---|---|---|
| Up to ₹1 crore | Collateral-free loan | Paid by MSE |
ZED Certification Subsidy for MSMEs
| Enterprise Type | Certification Subsidy (%) | Additional Subsidy for SC/ST/Women (%) |
|---|---|---|
| Micro | 80% | +5% |
| Small | 60% | +5% |
| Medium | 50% | +5% |
a. ZED Certification Assessment Type
| Assessment Type | Assessment Fee |
|---|---|
| Desktop Assessment | ₹10,000 |
| ZED Complete Assessment | ₹80,000 |
| Defense ZED | ₹40,000 |
b. ZED Certification Additional Support
| Additional Support | Cost |
|---|---|
| Gap Analysis and Consultancy | ₹1.9 lakh |
| Re-Assessment/Re-Rating | ₹40,000 |
Credit Linked Capital Subsidy for Technology Upgradation
| Eligible Loan Limit | Capital Subsidy (%) | Maximum Subsidy Amount |
|---|---|---|
| Up to ₹1 crore | 15% | ₹15 lakh |
Marketing Support for MSMEs (Barcode Registration)
| Fee Type | Subsidy (%) |
|---|---|
| One-time Registration Fee | 75% |
| Annual Recurring Fee (3 years) | 75% |
Lean Manufacturing Competitiveness for MSMEs
| Support Type | Financial Support (%) | Remaining Contribution (%) |
|---|---|---|
| Consultant Fees | 80% | 20% |
Design Clinic Scheme for MSMEs
| Type | GoI Contribution (%) | Maximum Assistance |
|---|---|---|
| Seminar | 100% | ₹60,000 |
| Workshop | 75% | ₹3 lakh |
| Individual MSME Project | 60% | ₹9 lakh |
| Group of MSMEs (4+) Project | 60% | ₹15 lakh |
Technology and Quality Upgradation Support to MSMEs
| Support Type | Financial Support (%) | Maximum Assistance |
|---|---|---|
| Awareness Programme | 75% | ₹75,000 |
| Energy Audit & Model DPR | 75% | Actual cost |
| Detailed Project Report (DPR) | 50% | ₹1.5 lakh per MSME |
| Carbon Credit Accreditation | 75% | ₹15 lakh |
| Product Licensing - National | 75% | ₹1.5 lakh |
| Product Licensing - International | 75% | ₹2 lakh |
Entrepreneurial and Managerial Development of SMEs through Incubators
| Item | Maximum Assistance |
|---|---|
| Business Incubators (per idea) | ₹4-8 lakh |
| Total Assistance (per BI) | ₹66.50 lakh |
Intellectual Property Rights (IPR) Awareness and Assistance
| Activity Type | Financial Support |
|---|---|
| Awareness Programme | ₹1 lakh per programme |
| Pilot Studies | ₹2.5 lakh per study |
| Domestic Exchange | ₹5 lakh per event |
| International Exchange | ₹7.5 lakh per event |
Marketing Assistance Scheme for MSMEs
| Exhibition Type | Budgetary Support |
|---|---|
| International Event | ₹30 lakh (₹40 lakh for Latin America) |
| Domestic Event | ₹45 lakh |
| Participant Support | 25%-95% airfare and space rent |
a. Marketing Assistance Sponsorship
| Sponsorship Support | Contribution Limit |
|---|---|
| Co-sponsoring Events | 40% up to ₹5 lakh |
Ministry of Food Processing Industries - PM Formalization of Micro Food Processing Enterprises (PMFME)
| Scheme Component | Subsidy/Grant | Details/Conditions |
|---|---|---|
| Individual Micro Food Processing Units | 35% Credit-linked Capital Subsidy | Up to ₹10 lakh per unit, minimum 10% beneficiary contribution; rest as bank loan |
| Support for FPOs/SHGs/Cooperatives | 35% Credit-linked Grant | For capital investment along the entire value chain |
| Seed Capital for SHG Members | ₹40,000 per SHG Member | For those engaged in food processing, to be used for working capital and small tools |
| Common Infrastructure Development (for FPOs, SHGs, etc.) | 35% Credit-linked Grant | For common facilities like processing, lab, warehouse, etc. |
| Branding and Marketing Support | 50% of Total Expenditure | Limited to 50% of actual costs |
Ministry of Textiles
| Scheme | Financial Support | Details/Conditions |
|---|---|---|
| Comprehensive Handlooms Cluster Development Scheme (CHCDS) | Infrastructure for MSMEs in Handloom Sector | For eligible MSMEs operating in the handloom sector |
| Development of Knitting and Knitwear Sector under Powertex India | ₹200 lakh per Center | For training equipment and machinery; additional equipment at stakeholders' expense |
Ministry of New and Renewable Energy - Solar Parks and Ultra Mega Solar Power Projects
| Scheme Component | Financial Assistance | Details/Conditions |
|---|---|---|
| DPR Preparation for Solar Parks | Up to ₹25 lakh per solar park | Central Financial Assistance (CFA) provided |
| Infrastructure Grant for Solar Parks | Up to ₹20 lakh per MW or 30% of project cost | 60:40 split: ₹12 lakh/MW for internal infrastructure, ₹8 lakh/MW for external transmission system |
| Mode 6 Solar Projects | No CFA | Developed by private entrepreneurs |
| Mode 7 Solar Projects | ₹20 lakh per MW (external transmission only) | Applicable for infrastructure support |
NABARD - Credit Schemes
| Scheme | Financial Assistance | Details/Conditions |
|---|---|---|
| Credit Linked Capital Subsidy Scheme (CLCSS) | 15% Capital Subsidy for Technology Upgradation | For MSEs with valid UAM; subsidy on institutional finance for specific technologies |
| Swarozgar Credit Card | ₹25,000 Composite Loan | For micro-entrepreneurs, artisans, weavers; interest and security as per RBI norms |
| Group Insurance Scheme | Shared cost between bank and borrower | Coverage under group insurance scheme for credit card holders |
SIDBI - Financial Schemes for MSMEs
| Scheme | Financial Assistance | Details/Conditions |
|---|---|---|
| Term Loan for MSMEs (STEP) | Up to ₹300 lakh for existing customers, ₹100 lakh for new customers | For MSMEs with at least 3 years in operation |
| Make in India Soft Loan Fund for MSMEs (SMILE) | Loan amount starting at ₹25 lakh, Interest rate from 8.36% | Repayment up to 120 months |
| Smile Equipment Finance (SEF) | ₹10 lakh minimum loan, repayment up to 72 months | MSMEs with 3+ years in operation, stable financial position |
| Loans with OEM Partnership | Up to ₹100 lakh, repayment up to 60 months | For MSMEs partnered with Original Equipment Manufacturers |
| Loan for Equipment Purchase (SPEED) | Up to ₹1 crore (new customers), ₹2 crore (existing) | Machinery from listed OEMs for MSMEs with 3+ years in operation, tenure 2-5 years |
| Loan for Equipment Purchase Plus (SPEED PLUS) | Up to ₹2 crore for new customers, ₹3 crore for existing | For MSMEs with 5+ years in operation, for high-end equipment purchases |
| Special Liquidity Support to MSMEs through NBFCs | Loans via NBFCs registered as Credit Companies | Must have net-owned funds of ₹20 crore and asset size of ₹50 crore |
The MSME Subsidy in Jammu & Kashmir is notable for developing the MSMEs Sector in the state of Jammu & Kashmir. It is used in meaning that the MSME Subsidy in Jammu & Kashmir offers funds and subsidies to the Micro, Small and Medium Enterprises via subsidy programs. While implementing, the purpose of MSME Subsidy in Jammu & Kashmir is to minimize the burdens to finance the business. The MSME Subsidy in Jammu & Kashmir can create jobs for the domiciles of the state and bring development of the economy of the state. The MSME Subsidy in Jammu & Kashmir supports the enhancement of growth and productivity of MSMEs in the state by encouraging industrialization of undeveloped regions of the area.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
The MSME Subsidy in Jammu & Kashmir holds several incentives for the Micro, Small and Medium Enterprises wherein it stretches financial aid for business enlargement, employment opportunities, decrease in business expenses under tax exemptions and interest concession.
The available MSME Subsidy in Jammu & Kashmir that can be redeemed by the Micro, Small, and Medium Enterprises fall under 17 categories which are:
The MSME Subsidy in Jammu & Kashmir is the subsidy provided by the state government for the growth of Micro, Small and Medium Enterprises units with the aim of providing financial support to achieve better employment opportunities within the growth of business.
The MSME subsidy in Jammu & Kashmir is needed for the development of the state’s economy, to mitigate the problems of MSMEs and their access to funds, to provide work to the state residents, and improve competitiveness in both national and global contexts.
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