Section 5(b) in Mukhya Mantri Swavlamban Yojana, 2019
(b)Interest Subsidy@ 5% for three years on loan upto Rs. 40 lakh sanctioned by a 'Financial Institution' as defined under these Rules, would be admissible to such eligible industrial units. The interest subsidy will not be admissible on defaulted/ rescheduled investments and the period of default shall be counted for determining the period of eligibility. The subsidy will be given directly to the banks.
