Incentives to Women Entrepreneurs Scheme, 2008

Interest Subsidy

• The interest subsidy was applicable from the interest of the quarter preceding the quarter of the first commercial production date.
• The benefit under this scheme was for a period of 5 years (20 quarters) from the quarter of applicability.
• The subsidy was limited to 1% of the total net turnover or 30% of the interest paid by the units, whichever was less, subject to a ceiling of ₹5,00,000/- per annum.
• In case of the Interest Subsidy Scheme, the prescribed limit of 1% of turnover was increased to 2%, and 30% of interest paid was increased to 35%, subject to an overall ceiling of ₹8,00,000/-.

Additional Benefits

• 5% additional benefit was provided under the Local Employment Subsidy Scheme, over and above what was eligible under the original scheme.
• Preference was given in Capital Contribution and under Special Capital Contribution Schemes.

_*The Task Force Committee disbursed the amount payable within 6 months from the date of receipt of the application._

• Only partnership and proprietary concerns were eligible, provided the ownership was with women to the extent of 100% in case of proprietary concerns and 51% in case of partnership firms.
• In partnership firms, the balance share of 49% should not be entirely held by the husband, father, brother, or son, and there had to be at least one additional partner other than these relatives.
• Units that had gone into commercial production or service on or after the date of publication of this scheme were eligible.
• Women entrepreneurs were given preference under the Capital Contribution and Special Capital Contribution Schemes.

• The applicant was required to claim the benefits under the Scheme for which additional benefits were being stated in this Scheme.
• The procedure, rules, and other requirements mandated under the Schemes, under which special benefits were granted, were applicable under this Scheme.
• The Task Force Committee, consisting of members from the Directorate of Industries, Trade and Commerce, Finance Department, and industry associations, scrutinized and recommended the applications within 3 months from receipt.

Deadline: The eligible units had to file their claim in the specified proforma after the closing of every financial year and before 31st May.

_*If the claim for the year (four quarters) was not admitted by 31st May, it lapsed, but the eligibility continued for the balance period of benefit._