HP Interest Subvention Scheme

Receive a 3% interest subvention on term loans for eligible MSMEs and large enterprises in Himachal Pradesh for up to 3 years, with annual caps.

The Interest Subvention Scheme is a key incentive under the Industrial Investment Policy 2019 of the Government of Himachal Pradesh. Designed to promote industrial growth and reduce the financial burden on businesses, this scheme offers a significant interest subsidy on term loans. It specifically targets Micro, Small, and Medium Enterprises (MSMEs) and Large Enterprises operating in designated Category A, B, and C areas within the state. By providing a 3% subvention on term loan interest, the government aims to enhance the competitiveness of local industries, encourage new investments, and facilitate the expansion of existing units. This financial support helps businesses manage their working capital more effectively and improves their overall viability in a challenging economic landscape.

The policy supports a wide range of enterprises that contribute to the state's industrial development, ensuring that financial access is made more affordable. This initiative underscores Himachal Pradesh's commitment to fostering a conducive environment for industrial and entrepreneurial activity, driving job creation, and sustainable economic growth across various sectors. The subvention, provided for a period of three years, is structured with annual maximum limits tailored to different enterprise sizes and geographical categories, ensuring targeted and impactful financial assistance.