What you get
The maximum project cost for manufacturing sector enterprises is ₹25 lakh, and for service and business sector enterprises, it is ₹10 lakh, which is financed through banks. | - 25% subsidy for Category-A districts (manufacturing sector – maximum ₹6.25 lakh; service sector – maximum ₹2.50 lakh) | - 20% subsidy for Category-B and B+ districts (manufacturing sector – maximum ₹5 lakh; service sector – maximum ₹2 lakh) | - 15% subsidy for Category-C and D districts (manufacturing sector – maximum ₹3.75 lakh; service sector – maximum ₹1.50 lakh) | Note: Classification of districts category wise is attached at Annexure-1. (Page No. 157)
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
Who is eligible to apply for the scheme?
Applicants must be at least 18 years old and a permanent resident of Uttarakhand. There is no educational qualification required.
Which sectors are covered under the scheme?
Financing is available for industrial, service, and business sectors. Projects related to apple cultivation, orchids, animal husbandry, and agriculture are also eligible.
What is the maximum project cost covered for manufacturing enterprises?
The maximum project cost for manufacturing sector enterprises is ₹25 lakh.
What is the maximum project cost covered for service and business sector enterprises?
The maximum project cost for service and business sector enterprises is ₹10 lakh.
Can financial assistance be used to upgrade existing small-scale enterprises?
Yes, financial assistance is available both for new projects and for upgrading existing small-scale enterprises.
Does the applicant need to have a bank account?
Yes, the applicant must hold an account with the financing bank in the concerned area.
How can applications be submitted?
Applications must be submitted online through the portal https://msy.uk.gov.in/.
How is the subsidy released?
The prescribed subsidy is released only after the project established under the scheme has been successfully operational for a continuous period of two years.