Business Specific Incentives – Avail Maximum Interest incentives of Rs. 30.00 Lacs paid on Term Loan
If you availed term loan for your business, then you can take benefits of Interest incentives on such term loan.
Dear Businessman,
Taking loans and bearing interest on such loans is a big subject of the business concern. You have worried about your monthly term loan installment and Interest cost thereon.
Now ! be relax and you can reduce the Burdon of such interest cost.
The State of Haryana giving a big relief for those businessmen who have availed of term loans for specified business purposes. To know whether your business shall be eligible for this incentives click at: Specified Business for Interest Incentives
Lets explore some basic of such scheme, so that you can take benefit of such incentives scheme.
Let’s know some brief of such incentives schemes:
- Who can Take the benefit of Interest Incentives:
Any New or Existing Businessman which are in manufacturing business or in service sector, can take the benefit of Interest Incentives subject to following basic conditions:
- Your business should not be fall out in [popup_anything id=”1596″] State Govt.
- Must have the CLU/NOC on such business (if applicable)
- Unit must have started commercial production/services.
- Must be registered under MSME Act. (Udyam Registration)
- Business Unit must be eligible for Technology Upgradation Scheme of Govt of India.
- Interest Benefits:
Interest Incentives shall be depend on location of your business. The state has classified the whole state in four categories i.e Block A, Block B, Block C and Block D. To know more the about block, [popup_anything id=”1607″]
| Sr. No. | Block Category | % Interest Incentives on Term Loan | Maximum |
| 1. | Block A | Not Eligible | Not Eligible |
| 2 | Block B | 5% | Rs. 10.00 lacs Per Year For 3 Years |
| 3. | Block C | 5% | Rs. 10.00 lacs Per Year For 3 Years |
| 4. | Block D | 5% | Rs. 10.00 lacs Per Year For 3 Years |
- Time line for claiming the Incentives:
You can submit the application for this within 3 months from the date of Purchase of Plant and Machinery for which you have availed Term Loan.
To know more about various incentives available for manufacturing and service sector business in Haryana read our separate blog at: https://kipfinancial.com/ease-of-doing-business-in-haryana/
For availing of more business incentives, contact us at:
Jitender Kumar (90171-51780) (jitender@kipfinancial.com)
KIP Financial Consultancy Pvt. Ltd.
DSB – 38, KIP Complex, Red Square Market, Hisar.