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Mumbai, May 3, 2020 (Issuewire.com)  - Now all entrepreneurs who are willing to start a new business or already started new business can know the best subsidy available to them from Government. You can go to the website www.subsidyandloan.com and know details about subsidy available in your state for a particular business. Subsidy means a sum of money granted by the state or Center to help an industry or business keep the price of a commodity or service low. A subsidy is termed as Incentive in many states. There are Central and State Subsidies available for benefit of new factory units. The government is offering various subsidies to different types of industries. Subsidies are given on total investment costs. Subsidies will be refunded in the bank account of entrepreneurs.

Subsidyandloan.com is offering services for how to get a subsidy from the government and how to grow. For Women Entrepreneurs, Maharashtra Government is giving subsidy from 30% to 80% of their investment for the factory unit. To know more about subsidy for women you can go to www.subsidyandloan.com. For Textile units government is offering many subsidy schemes for the unit. Textile units can get up to 35% of investment returns from the government in 3 years. Subsidy Suvidha Kendra is offering you guidance on which subsidy available with discussion with industry experts in your industry. 

Once the application for subsidy is made with the Government, the unit will get approval from the Subsidy department for an application. Once an application is approved then every year subsidy refund amount can be applied from the government based on the scheme chosen by an enterprise. Enterprise has to follow strictly all rules and terms of guidelines to become eligible to get a subsidy from the government. This subsidy generally can be refunded based on State GST paid and interest on term loan paid by enterprise. If the amount is not equivalent to SGST paid or term loan amount then the maximum amount paid for SGST or interest would be available. Following are general schemes available from the following department: 

1) Ministry of Food Processing Industries

2) Ministry of Micro, Small & Medium enterprises – SFURTI, ZED, MUDRA

3) National Bank for Agriculture and Rural Development

4) Ministry of new and renewable energy

5) National Horticulture Board – cold storage

6) Ministry of Rural Development

7) SIDBI

Ministry of Skill Development and Entrepreneurship

Each of the above department has various subsidy schemes. You can also get more details from www.subsidyandloan.com



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