Interest Subsidy Eligibility: Full Criteria
Eligibility Checklist
- Udyam-registered Micro enterprise (within the investment/turnover limit).
- A term loan or working capital loan from a bank/financial institution, as per policy.
- The loan account must be standard โ not classified as an NPA.
- Interest must have been paid on time for the period being claimed.
- For the 60% rate: applicant belongs to SC/ST or is a woman entrepreneur (verified via caste/gender documentation).
Does eligibility require the business to be a certain age?
This isn't stated as a separate condition in the published scheme โ the loan and account-standing conditions are the primary tests.
Can a working capital (CC) loan claim this subsidy, or only term loans?
The scheme focuses on loans generally; confirm with your bank/DIEPC whether your specific loan type (term vs. CC) qualifies, since this isn't spelled out precisely in the public summary.
Need help filing an interest subsidy claim?
ClaimDesk (A NorthStar Advisors brand, Noida) handles everything from documentation to filing and follow-up. The first conversation is completely free.
MSMEUP.com is independent information & tools โ free, and not run by any consultancy. ClaimDesk is a separate, private consultancy (a NorthStar Advisors brand) for those who want professional filing help; its fee is for that service, not a government charge, and using it is entirely optional โ MSMEUP's guides and tools work the same with or without it.
Official portal: msme.up.gov.in Last reviewed: Aug 2026
This page summarizes publicly available scheme information. For the current official notification, application form and exact eligibility conditions, always confirm on the portal above before applying or filing a claim.