About this business scheme
The scheme aims to support rural entrepreneurs in setting up industries using local resources. Through this scheme, interest subsidy on bank-financed projects up to Rs. 5,00,000 is provided.
Launched in the year 2016, the scheme "Personal Interest Subsidy Scheme" by the Uttarakhand State Khadi and Village Industries Board, Government of Uttarakhand, aims to support rural entrepreneurs in setting up industries based on the availability of local raw materials and their working/resource capacity. For this, assistance is provided for financing projects with a cost of up to Rs. 5.00 lakh through banks.
Under the scheme, the entrepreneur is required to pay 4% interest on the bank-financed project cost, and the remaining interest, up to a maximum of 10%, is borne by the concerned department. The scheme is implemented by the District Village Industries Offices across various districts in Uttarakhand.
Benefits at a glance
| Scheme name | Personal Interest Subsidy Scheme (PISSUK) |
|---|---|
| Launched by | Uttrakhand Khadi Evam Village Industries Board |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | State ยท Uttarakhand |
| Official portal | ukvib.org (link at the end of this page) |
Key facts
| Scheme for | Infra |
|---|---|
| Application mode | Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Age | 18 to 45 years |
Who can apply (quick check)
- ๐คAll genders
- ๐Age 18 to 45 years
- ๐๏ธRural
- ๐Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- The project is financed up to a maximum cost of Rs. 5,00,000 through bank support.
- The entrepreneur is required to bear 4% interest on the bank-financed amount.
- The Government bears up to 10% of the differential interest amount over and above what the entrepreneur pays.
Who qualifies
- The applicant should be between 18 and 45 years of age.
- The applicant should be a permanent resident of Uttarakhand.
- The applicant should be an educated unemployed youth who is no longer eligible for government service due to the age limit. Or, the applicant should be trained by an Industrial Training Institute (ITI) or a Polytechnic.
- The applicant should be a woman interested in self-employment.
- The applicant should have passed Vocational Education (10+2 level) with Village Industries as a subject.
- The applicant should establish the project in a rural area.
Who is not eligible
The project must not involve:
- Meat production or trade
- Intoxicating substances
- Khadi or Poly-based products
- Animal husbandry
- Horticulture
- Industries harmful to the environment
Papers to keep ready
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Registration walkthrough
Offline
Step 1: Visit the Official Website:
Go to the official website of the Uttarakhand State Khadi and Village Industries Board.
Step 2: Navigate to the Scheme Page:
From the homepage, click on the โSchemesโ section in the menu and select โPersonal Interest Subsidy Schemeโ.
Step 3: Download the Forms:
Download the following forms from the scheme page:
- Application Form: Download Application Form (PDF)
- Claim Form: Download Claim Form (PDF)
Step 4: Fill and Submit the Forms
Fill in the required details in the Application Form and attach all necessary documents.
Submit the completed form along with documents to your District Village Industries Office.
Frequently asked questions
What is the name of the scheme that provides interest subsidy for rural entrepreneurs in Uttarakhand?
The scheme is called "เคตเฅเคฏเคเฅเคคเคฟเคเคค เคฌเฅเคฏเคพเค เคเคชเคพเคฆเคพเคจ เคฏเฅเคเคจเคพ" (Personal Interest Subsidy Scheme) and is operated under the district plan by the Government of Uttarakhand.
What is the main objective of the Personal Interest Subsidy Scheme?
The scheme aims to help rural entrepreneurs set up industries based on local raw materials and resource capacity by facilitating project funding through banks.
Who implements the Personal Interest Subsidy Scheme in Uttarakhand?
The scheme is implemented by the District Village Industries Offices under the Uttarakhand State Khadi and Village Industries Board.
What is the maximum project cost supported under this scheme?
The scheme supports projects with a cost of up to Rs. 5,00,000 through bank financing.
Who has to bear the interest cost of the bank-financed project under this scheme?
The entrepreneur bears 4% interest, while the department covers the remaining interest up to a maximum of 10%.
What is the age requirement to apply for this scheme?
The applicant must be between 18 to 45 years of age.
Is it necessary to be a resident of Uttarakhand to apply?
Yes, only permanent residents of Uttarakhand are eligible to apply for this scheme.
Can a government job aspirant whose age limit is over apply for this scheme?
Yes, educated unemployed youth whose age for government service has expired are eligible to apply.
Can ITI or Polytechnic-trained individuals apply for this scheme?
Yes, candidates trained by Industrial Training Institutes (ITI) or Polytechnic institutions can apply.
Are women who are interested in self-employment eligible?
Yes, women interested in self-employment are eligible under the scheme.
Can vocational education pass-outs also apply?
Yes, candidates who have passed Vocational Education (10+2) with Village Industries as a subject are eligible.
Is it necessary to set up the project in a rural area?
Yes, the project must be established within a rural area to qualify under this scheme.
Are there any restrictions on the type of industries eligible?
Yes, industries involving meat, intoxicating substances, Khadi, poly, animal husbandry, horticulture, or those harmful to the environment are not permitted.
Where can I get the application form for the scheme?
You can get the application form from the District Village Industries Office or download it from the official website: http://www.ukvib.org/details.php?pgID=sb_9
Where do I submit my filled application form?
The application form should be submitted to the District Village Industries Office of your district.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines www.ukvib.org
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
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