The Directorate of Industries & Commerce, under its land allotment scheme, provides Development Areas and Development Plots for industrial use to prospective entrepreneurs on hire purchase or lease. Development Areas are for Medium & Large Scale units whereas Development Plots are meant for Small Scale units.
Besides these, there are District Mini Industrial Co-operative societies under the control of the DIC, which provide industrial sheds with land on hire purchase basis to prospective entrepreneurs to put up their units. Except Kasargod and Pathanamthitta, all other districts have these co-operative societies. The hire purchase value of sheds and land will be payable in 60 equal monthly installments. The allottee has to pay the first installment before taking possession of land and shed and the balance amount in 59 equal monthly installments with an interest of 2% per annum.
The Directorate of Industries and Commerce also governs two industrial estates for rubber and plastic units, at Changanacherry (Kottayam District) and Manancherry (Malappuram District), where facilities such as mixing of rubber, sheeting extrusion, and calendaring of rubber are done at nominal costs. They also provide tool room facilities to the entrepreneur at nominal rates.
For further details visit DIC Website