Programme To Accelerate Development for MSME Advancement (PADMA)

The unit should have filed Udyam Registration Certificate (URC) and Haryana Udhyam Memorandum (HUM).
II. The unit should be in commercial production i.e., benefit under the scheme may be availed only after commencement of commercial production.
III. The unit should be in regular production at the time of disbursement and the subsidy shall not be released to the closed unit.
IV. Interest amount paid for one year prior to the commencement of commercial production will also be eligible for reimbursement to avail benefit under this scheme.
V. The unit may avail the benefit every year till 05 consecutive financial years, from the date of re-notification of said policy or date of term loan sanctioned/disbursed, whichever is later or as extended by State Government from time to time.
VI. The applicant should not be defaulter or NPA with any of the bank.
VII. The unit availing incentive under this scheme will not be eligible to obtain incentives under similar scheme of other Policies of the State Government.
VIII. The unit should be engaged in manufacturing & allied activities of PADMA approved products across the entire value chain. The units offering services which are directly related to the manufacturing of products within the PADMA cluster, like Skill Development Centre, Marketing & Branding, Service and Repair Centre, Logistics and Supply Chain Services, Business Development Services, Testing Centre Tool room, etc. or any service as approved by SLSC-PADMA with the reason to be recorded are also eligible to avail the benefits under this scheme.
IX. The CLU/NOC/Industrial License as applicable obtained by IA for the said PADMA cluster, will be applicable for all the units inside the PADMA cluster.
X. The Agricultural/ Agri based MSMEs for better seeds are also included under this scheme so that availing loans shall be made simple and shall be done under one roof.