How to get the sanction of investment promotion subsidy for micro,small and medium 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 of Investment Promotion Subsidy 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 take up physical verification of the enterprise and shall arrange to place the proposal before the District Level Committee for sanction of investment promotion subsidy to the applicant enterprise.

1 . Duly filled in application in the prescribed format as in Annexure – 4.

2 . Original statement of fixed assets in prescribed format, duly certified by the concerned financial institution as in Annexure – 5.

3 . Original investment certificate issued by KSFC/KSIIDC/Bank/other financial RBI recognised institutions in prescribed format as in Annexure -6.

4 . Original certificate from chartered engineer/architect in prescribed format in respect of investment made in building as in Annexure-7.

5 . Form of declaration regarding employment of local persons in the prescribed format as in annexure-8.

6 . A copy of the project report duly signed by the promoter

7 . Copy of land documents/ records

8 . Copy of term loan sanction orders from KSFC/ KSIIDC/ Bank/ other RBI recognised financial institutions.

9 . Copy of first sale invoice

10 . Copy of IEM acknowledgement – part - ii.

11 . Copy of registered partnership deed / memorandum and articles of association/ byelaws

12 . Copy of caste certificates in respect of SC/ST and appropriate certificate/ documents in respect of physically challenged/ ex-servicemen entrepreneurs.

13 . Copy of power sanction/service letter.

14 . Copy of vat registration certificate.

15 . Copy of approved building plan along with construction license

16 . Copy of license obtained from local authority

17 . ESI/EPF registration copy wherever applicable.

18 . Details of existing investment in case of unit under expansion /modernisation/diversification, wherever applicable.

19 . Details of investment subsidy already sanctioned and released to the unit, if any and wherever applicable.

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.

3.00

Deputy Director District Industries Centre

4

Joint director verifies the proposal and he himself or his subordinate officer visit will the unit for physical verification.

5.00

Joint Director

5

If eligible, AD/DD will place the proposal before the DLC(district level committee) for approval

15.00

Deputy Director District Industries Centre

6

Joint director will issue the sanction order.

2.00

Joint Director