Kerala stressed MSMEs Revival & Rehabilitation Scheme

The Kerala stressed MSMEs Revival & Rehabilitation scheme intends to provide financial and other handholding support to the MSMEs which show signs of stress and to convert their non-productive assets into productive assets. The maximum assistance admissible for each unit, all reliefs and assistances put together, under the scheme will be limited to Rs. 5 Lakh.

Assistance/Relief Available from Government

Restructuring of existing loan account

If the bank is willing to restructure the existing loan account and extent additional term loan/working capital loan based on the Revival Project recommendations of the Expert Committee, the unit is eligible for the following one time Assistances. These assistances are also eligible for self financed units availing term loan/working capital loan as part of the Revival Package recommended by the Expert Committee.

a)   Margin Money Grant

50% of the margin insisted by the bank/Financial Institution towards additional working capital loan and term loan, will be payable as Grant Assistance limited to Rs 2 lakhs.

b)   Interest Subvention Assistance

 To provide a financial assistance in the form of interest subvention on a reimbursement basis for the additional term loan and additional working capital loan availed by the units based on the Revival Project Report recommended by the expert committee.  The interest subvention is 6% per annum subject to a maximum amount of Rs 1 lakh. The interest subvention is limited for one (first) year on the loan sanctioned by the financial institution/bank. 

Restart Expenses

The following one time assistances shall be payable as Re-start expenses based on the Revival Project recommendations of the Expert Committee.

• In cases where no term loan is availed for the purchase of brand new additional/balancing plant & machinery, 50% of the cost of Additional/Balancing Plant and Machinery limited to Rs 1.50 lakhs will be payable as one time assistance.
• 50% of the cost incurred for the inevitable repair and maintenance of existing Plant and Machinery and Building limited to Rs 1.00 lakh will be reimbursed.

Clearance of Statutory Dues

If there is statutory dues existing for the unit related to the agencies like KSEB, GST/Commercial Tax, Excise, Pollution Control Board etc. 50% of the dues limited to Rs 40,000 shall be payable as one time assistance based on the Revival Project recommendations of the Expert Committee.

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Cost of Revival Project Report

Cost of preparation of RPR will be reimbursed @100%, Rs.10,000/- per unit.

Contact Details of District Level Officers for the Scheme-KeralaStressed MSMEs Revival and Rehabilitation Scheme
Sl No	District	General Manager	Mobile Number	Name of Officer Incharge	Designation	Landline Number
1	Thiruvananthapuram	SHIRAS A.S	9188127001			0471-2326756
2	Kollam	Sivakumar K S	9188127002	Jaseem I	Manager	0474-2748395
3	Pathanamthitta	Anil Kumar P.N	9188127003			0468-2214639
4	Alappuzha	BIJU KURIAN	9188127004			0477-2241632 / 0477-2241272
5	Kottayam	RAKESH V.R	9188127005			0481-2573259
6	Idukki	Lissiyamma Samuel	9188127006	Visak P S	ADIO (HQ)	04862235207
7	Ernakulam	Najeeb P.A	9188127007			0484-2421360
8	Thrissur	Sheeba S	9188127008	Jisha K A	Manager	0487-2360847
9	Palakad	Saji S	9188127009	Gireesh M	Manager	0491-2505408
10	Malapuram	Dinesh R	9188127010	Abdul Latheef A	Manager	0483-2737405
11	Kozhikode	RENJITH BABU	9188127011			0495-2765770
12	Wayanad	Rema R	9188127012	Gopakumar B	Manager	0493-6202485
13	Kannur	AJIMON K.S	9188127013			0497-2700928
14	Kasargode	Sajith kumar.K	9188127014			0499-4255749