How to get sanction order for interest subsidy to new micro manufacturing enterprises from Commerce and Industries Department in Karnataka?

1. Duly filled in application form along with the required documents will have to be submitted to District Industries Centre in respective Districts .

2. The concerned Member Secretary of the District Level Committee for Sanction on receipt of the application shall personally verify the claim with reference to the documents furnished by the enterprise. On satisfying with the documents furnished by the enterprise, with the approval of the Joint Director, shall arrange to place the proposal before the District Level Committee for sanction.

1 . Application on letterhead / plain paper

2 . IEM part- 2

3 . Bank / financial institution term loan sanction letter

4 . Investment Certificate in the prescribed form from bank/ financial institution as in annexure-6

5 . Copy of the first sale invoice

6 . Certification from the bank for claiming interest subsidy as in annexure -43

7 . Fixed assets investment details as in annexure-5

Step

Description

No. of Days

Designation

1

Application received at KGSC will be submitted to joint director for perusal/initial and then entered in the inward register and it is then sent to the concerned case worker

1.00

Stenographer

2

Case worker opens a new file or processes in the concerned existing file and verifies the application and then submits the file to the next higher officer i.e., assistant/deputy director (AD/DD) as per the staffing pattern of the respective office

4.00

Case Worker

3

Concerned officer i.e., AD/DD verifies the proposal and submits the file with their opinion to the joint director.

5.00

Deputy Director District Industries Centre

4

Joint director verifies the proposal himself and his subordinate officer, if eligible will place the proposal before the DLC(district level committee) for approval

18.00

Joint Director

5

Joint director will issue the sanction order.

2.00

Joint Director