Answer Book question
The subsidy is usually conditional on the unit running for a lock-in period. Closure or default during lock-in can lead to the subsidy being withdrawn or recovered, and the bank will pursue the loan like any other. Default also affects your credit record and future scheme whether you may qualify. Subsidised is not forgiven.
The subsidy is usually conditional on the unit running for a lock-in period. Closure or default during lock-in can lead to the subsidy being withdrawn or recovered, and the bank will pursue the loan like any other. Default also affects your credit record and future scheme whether you may qualify. Subsidised is not forgiven.
A unit closes in year two of a three-year lock-in. The bank recovers the loan; the subsidy credited is reversed; the owner's credit record is marked. He cannot access the next scheme.
Conditionality protects public money. The bank is a lender first.
Lock-in period Conditions for subsidy retention Consequences of closure Credit reporting
Treating a subsidised loan as lower-risk to default on.
Kerala Rising explains the lock-in before you sign.
Closure in lock-in → subsidy reversed → full loan recoverable.
None.
Read the lock-in Plan to run through it Talk to the bank early if in trouble
What is back-ended subsidy? Can I combine a bank loan and subsidy?
Loans, grants & subsidies
Scheme notifications from Government of Kerala departments (Industries, Agriculture, Social Justice, Fisheries, Kudumbashree) · Central scheme guidelines (PMEGP, PM-FME, PMAY, PMJJBY/PMSBY, Atal Pension Yojana) · Kerala Rising Business Money Library. each scheme page carries its own checking date Rates, limits and whether you may qualify change. Confirm with the official source. Ask Kerala Rising: Tell us who you are (age, district, occupation, category) and what you want to do.
We will run the whether you may qualify check and tell you which schemes are real for you. and which are not. com Kerala Rising › Loans, grants & subsidies · Schemes 16
This page is general orientation, not personal insurance, investment, medical, legal, lending, tax, or professional advice. Rules, rates, benefits, and claim or application decisions can change. Confirm the current position with the named official source and use a licensed or qualified professional where your situation requires one. Kerala Rising does not decide whether you may qualify, approve claims, or promise an outcome.