|
| |
| Overview | Our Services | Special Financial Package for the IT Industry |
| Special Financial Package for IT Industry |
Considering the tremendous potential for the IT industry in the State, KSIDC evolved a special financial package to promote the sector.
- New IT unit are eligible for an Investment Subsidy @ 20% of fixed Capital Investment, subject to a maximum of Rs. 25 lakhs. KSIDC will process and release the eligible subsidy against this. (Fixed Capital Investment includes land, buildings, plant & machinery, utilities and miscellaneous fixed assets.)
- 75 % of the eligible subsidy is included in the means of finance as Subsidy Loans, to reduce the minimum promoter’s contribution in the project. The Subsidy Loan is given at the term loan rate, for a period of 1 year and will be adjusted against subsidy released from Government.
- Units are eligible for an initial moratorium up to 2 Years, as per the special package.
- A Venture Capital Fund with a corpus of Rs 20 Crores has been formed jointly by the Small Industries Development Bank of India (SIDBI), Kerala State Industrial Development Corporation Ltd. (KSIDC) and Kerala Financial Corporation (KFC). IT units can avail venture capital assistance from the fund, if they are otherwise eligible.
|
| Overview | Our Services | Special Financial Package for the IT Industry |
|
|
