Interest subsidy to the processing and trading companies in the Rubber Producing worker of SHGs sector for meeting a portion of their interest burden

Operated by
Rubber Board - Ministry of Commerce & Industry, Central Government
Purpose
To provide interest subsidy on loans for working capital to the companies engaged in processing and trading rubber, jointly promoted by the Rubber Board and Self Help Groups
Probable duration
39172

Eligibility

  • All the processing and trading companies jointly promoted by the Rubber Board and Self Help Groups who are undertaking processing / marketing of natural rubber and procurement & distribution of estate inputs
  • Loans have to be availed from commercial banks to meet the working capital of the trading/processing company.

Benefit Description

Scheme for Promoting Rubber Producers Societies (RPSs) - Subsidy in form of interest subsidy to the processing and trading companies in the Rubber Producing worker of SHGs sector for meeting a portion of their interest burden

Application process

  • Submit an application form in plain paper addressed to the Director (P&PD), Rubber Board, Kottayam along with a certificate from the commercial bank.
  • Other Details

    Conditions if Any
    • Interest subsidy will be paid for an amount equal to 5% portion of total amount of interest paid.
    More Information
    Annexure Link: -
    Link:
    # Kindly open the following link and follow the defined route -{Schemes in Operation > Schemes for Assisting Companies in the RPS Sector > 5% Interest Subsidy >}
    http://rubberboard.org.in/ManageScheme.asp?Id=54 

    File: -