Interest Subsidy Eligibility Certificate (ISEC) Scheme

            Govt. of India introduced the interest Subsidy Eligibility Certificate Scheme in May, 1977 to help Khadi and Polyvastra producing institutions in mobilizing the capital funds from banking institutions. Under the Scheme, implementing agencies can avail of bank loan as per the ISEC issued by the KVIC on payment of only 4 percent of interest and difference between the actual interest charged by the bank and 4 percent is borne by KVIC as interest subsidy. While approving continuation of the scheme for implementation during XII plan period, Govt. of India has approved an unified version of the scheme for Khadi and Ployvastra to facilitate seamless release of interest subsidy to the institutions.

Procedure for operating Interest Subsidy Scheme under Institutional Financing
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Page Last Updated on : 17 August, 2016