ESS ----- new scheme for entreprenures in kerala

MAIN CONTENTS OF ESS -New scheme for new and existiong entreprenures filed part 1 after 31/03/2012 

Entitlement of a successful applicant

3.         Entitlement in the scheme shall be limited to an amount of Rs. 30.00 (Thirty) lakhs per applicant unit to be availed only once.  The upper limit of Rs. 30.00 (Thirty) lakhs shall be enhanced by 5% per annum during the period of operation of the scheme to address the escalation of costs.  Subject to this maximum limit the assistance shall be limited to the fixed percentage of the composite investment upon

(a)        land,

(b)        land development costs,

(c)        building and improvement charges on existing building,

(d)       essential office infrastructure,

(e)        fixed cost of plant and machinery,

(e)        electrification,

(f)        generators and associated equipment e.g. invertors

All testing and pollution control equipments shall also be eligible for computing the composite investment cost. Working capital and recurring costs shall not be eligible.

4.         Out of all eligible applicants, 30% of the earmarked assistance shall be reserved for micro enterprises. Only in case of insufficiency of qualified applicants in the micro category, small and medium enterprises shall be considered. The following categories of applicants shall be preferred in the manner mentioned in the following paragraphs.

5.         An assistance of 15% limited to Rs. 20.00 (Twenty) lakhs will be payable on the fixed capital investment of all micro, small and medium enterprises set up in the State except those mentioned in paras 10 and 11.

6.                  All micro, small and medium enterprises established by entrepreneurs belonging to Women, Scheduled Castes and Scheduled Tribes and Young entrepreneurs shall be eligible for an assistance of 20% of the fixed capital investment limited to Rs. 30.00 (Thirty) lakhs.

7.                  The following have been declared as priority industries and all units, micro, small, medium enterprises included under priority sector shall be eligible for an additional assistance of 10% of the fixed capital investment subject to a ceiling of Rs. 10.00 (Ten) lakhs or as notified in the specific incentives announced for the sector from time to time.

a)      Rubber based industries

b)      Agro based and food processing industries

c)      Readymade Garments

d)     Industries manufacturing equipments and machinery for Non-conventional

energy generation

e)      Bio Technology based industries

f)       100% Export Oriented Units

g)      Bio degradable plastic industries

h)      Plastic waste recycling industries

i)        Bio fertiliser industries

8.                  In the case of all micro, small and medium enterprises set up in the districts of Idukki, Wayanad, Kasaragode and Pathanamthitta, there shall be an additional assistance of 10% of the fixed capital investment subject to a ceiling of Rs. 10.00 (Ten) lakhs.

9.                  In the case of micro, small and medium industrial units set up after acquiring new technology from approved research institutions, recognized as such by State or Central Government, there shall be an additional assistance of 10% of the fixed capital investment subject to a ceiling of Rs. 10.00 (Ten) lakhs.

10.              Assistance to any unit which has already received any subsidy or grant earlier under other schemes, from other Government Agencies, any State owned financial institution shall be limited to the balance remaining eligible assistance payable under the Entrepreneur Support Scheme. For eg. any unit which has availed assistance from such agencies or statutory Boards like MPEDA, Spices Board, Rubber Board, local bodies, etc. will be eligible for assistance limited to the balance remaining eligible assistance payable under the Entrepreneur Support Scheme. However an industrial unit which availed Margin Money Loan from Industries Department is eligible for assistance under Entrepreneur Support Scheme. In case the unit had availed start up support earlier, only the balance remaining eligible assistance will be admitted to the unit.

11.              The industries included in the Negative List and notified as such from time to time, Government controlled industries, public sector undertakings, units started by Government controlled agencies, units financed by KVIC/KVIB etc. shall not be eligible for any assistance under these rules.