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Back Ended Interest Subsidy (BEIS)

"Back Ended Interest Subsidy" by the Govt of Tamil Nadu, is introduced with the objective of reducing financial burdens of all new micro and small manufacturing enterprises who have already availed loans from banks/ other government organizations by assisting them through a subsidy on term loans.

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About This Scheme

The scheme "Back Ended Interest Subsidy (BEIS)" by the Micro Small and Medium Enterprises Department, Government of Tamil Nadu, is introduced with the objective of reducing financial burdens of all new micro and small manufacturing enterprises who have already availed loans from banks/ other government organizations by assisting them through a subsidy on term loans for a period of 5 years.

Benefits

₹20.0 L · quarterly

Subsidy of 5% on term loans subject to a maximum of ₹ 20,00,000 is given for a period of 5 years to all new micro and small manufacturing enterprises for term loans up to ₹ 2,00,00,000 obtained for Credit Guarantee Fund Trust Scheme (CGTMSE).
Subsidy of 5% on term loans subject to a maximum of ₹ 25,00,000 is given for a period of 5 years to all new micro and small manufacturing enterprises for term loans up to ₹ 5,00,00,000 obtained for technology up-gradation / modernization.
The maximum amount of BEIS payable per loan shall be ₹ 10,00,000 only on loans taken up to ₹ 1,00,00,000.

Mode of Payment

Interest subsidy shall be reimbursed once in three months on a quarterly basis to the financial institutions.

Eligibility

Note: You may be eligible based on the information shown. Please verify the official eligibility requirements before applying.

Required Documents

✦
Copy of Udyog Aadhaar memorandum/copy of Udyam Certificate.
✦
Copy of Loan Sanction letter from the Bank / Financial Institution in respect of Bank / Institutional financed Enterprises.
✦
Certificate from the bank for the interest claim for each quarter as per Annexure A.
✦
Bank statement for the interest paid with bank manager attestation.

✦ Required ◦ Optional

How to Apply

OOnline

Visit the Official Website/Portal of the Micro, Small, and Medium Enterprises Department of the Government of Tamil Nadu. In the top ribbon, click " Login / Registration ". In the registration form, fill in the mandatory details accurately, Name, Date of Birth, Aadhaar Number, Email ID, and Mobile Number. Create a new password. The password must contain a minimum of 8 characters, 1 Upper Case Letter, 1 Lower Case Letter, and 1 Numeric Field. Fill in the captcha code, and click "Register". After

Quick Info

Level: Central Government
Max benefit: ₹20.0 L