The Industries and Commerce Department, Government of Haryana, on June 28, 2024, notified the Interest Subvention Scheme for Bajra processing Units.
The following has been stated: -
• To promote post-harvest management, processing, and branding of Bajra the Processing Units of the State shall be provided Interest Subvention on the term loan availed by such units. This will enable the development of a market for Bajra and help the Bajra farmers in increasing their incomes.
• Financial Assistance shall be provided to Bajra Processing Units (New and Expansion/Diversification) by way of reimbursement of Interest @7% p.a. or actual rate of interest paid, whichever is less, up to a maximum assistance of Rs. 25.00 lac per financial year on the Term Loan availed for Bajra Processing by MSMEs.
•The Scheme shall commence with effect from the date of notification of the scheme and shall remain in operation for 07 years or as extended by the State Government from time to time. The loan should have been sanctioned after the date of notification of the scheme and before the expiry of the operative period of the scheme. The interest subvention shall be allowed for 07 consecutive financial years, from the date of notification of the scheme or the date of Loan Sanction, whichever is earlier.
•The Director/Director General of the Directorate of MSME shall be the competent authority for sanctioning the amount of assistance under the Scheme.
The detailed scheme is given in the document below.
[Notification No. 2/2/2024-1IB-II]
