Here below you can find GOVERNMENT OF KARNATAKA (SEVA SINDHU) – Sanction of Investment Promotion subsidy for Micro, Small and Medium Enterprises – Application Process and full details.

GOVERNMENT OF KARNATAKA (SEVA SINDHU) Services & Online Application Process

Commerce And Industries Department

Sanction of Investment Promotion subsidy for Micro, Small and Medium Enterprises

Online application Procedure

Eligibility:

1. Micro or small or medium enterprise investing in New/ Expansion/ Modernisation / Diversification of project

2. The unit shall avail more than 50% loan from commercial bank/ KSFC/ RRB/Co-op bank

Supporting Document:

1.Duly filled in Application in the prescribed format as in Annexure–4

2.Statement of Fixed Assets in prescribed format in Annexure–5

3.Original Investment certificate issued by the KSFC/KSIIDC/Bank/Other financial institutions in prescribed format as in Annexure–6

4. Original Certificate from Civil Engineer/Architect in prescribed format in respect of investment made inbuilding as in Annexure–7

5. Form of declaration regarding employment of local persons in the prescribed format as in Annexure– 8

6. Original investment certificate from Chartered Accountant in prescribed format as in Annexure–9 in respect of small and medium enterprises

7. A copy of the Project report duly signed by the Promoter

8. Copy of Land documents/records

9. Copy of term loan sanction orders from KSFC/KSIIDC/Bank/Other financial institutions recognized by RBI

10.Copy of First sale invoice

11. Copy of Udyam Registration Certificate

12. Copy of registered partnership deed/Memorandum and Articles of Association/byelaws

13. Copy of Caste certificates in respect of SC/ST minorities/Backward class (category 1 & 2A only) issued by competent authority and appropriate certificate/documents in respect of Physically

Challenged/Ex-servicemen entrepreneurs

15. Copy of power sanction/power serviced, letter

16. VAT Registration Certificate from Commercial Tax Department if applicable

17. Certificate from the Textile Department for not availed subsidy in respect of Textile based industries including Readymade Garment/Certified from Department of Agriculture/ Horticulture for not availed subsidy in respect of Agro Food Processing Industry in any of the Government of Karnataka/India Schemes 18. Copy of approved building plan Or Copy of license obtained from competent authority

Application Fee : NIL

Service Charge (Free for Online Submission) : NIL

Delivery Time (Days) : 30 days

Procedure for applying:

The Joint Director, District Industries Centre after verification of the eligibility of the Micro, small and medium unit has to be placed before the DLC for sanctions and issue the sanction order in the prescribed format

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