GovernmentCentral Verified 2025-11-09

Interest Subvention Scheme for MSMEs (2% Relief)

2% interest subvention on fresh or incremental term loans/working capital facilities. Extends up to ₹1 Crore loan value.

Maximum benefit value

₹2 L

Eligibility

Udyam Registered MSMEs
Valid GSTN
Term loan/Working Capital up to ₹1 Crore
Only for loans from scheduled Commercial Banks/NBFCs
Unit must not be in the list of defaulters

How to apply

Applied automatically by the Lending Institution (Bank/NBFC) via the Small Industries Development Bank of India (SIDBI) portal after verifying eligibility.

Required documents

Udyam Registration Certificate
GSTIN
Loan Sanction Letter
Non-defaulter declaration

Official sources

SIDBI Interest Subvention Portal ↗

Verification notes

Banks claim subsidy directly from SIDBI. Eligibility is loan-specific.