Anyone who runs their own business exposes themselves to various risks and set themselves apart from the rest. The government with the objective of ensuring equal income distribution and PAN India development makes financial resources available for entrepreneurs in the form of subsidy who show the courage to modernize in the form of product innovation, application of environmental technology or use of energy saving capital goods and are willing to accept the associated risks. Subsidy bridges the gap between a missed opportunity and success and innovation.
Subsidies appear to be free but obtaining it costs money! The government provides support to challenging projects, but it also demands a concrete return on its investment. Hence the burden shifts on the client to demonstrate its ‘subsidy worthiness’.
Capital Subsidy scheme of Central Govt. aims at providing Capital Subsidy to SSI units, including tiny, khadi, village and coir industrial units, on loans availed of by them for modernisation of their plant and machinery and techniques. The Scheme provides for capital subsidy to SSI units, including tiny units, on institutional finance availed of by them for induction of well established and improved technology in selected sub-sectors/products approved under the Scheme.
Any individual or any sovereign entity is eligible for taking Subsidy Advisory if the same falls under the relevant subsidy scheme applicable to the business.
The documents needed vary from case to case. Let FINMART understand your needs and assist you in documents requirement.