Kerala economy is transforming into a service economy with high inward remittance and skilled technical human resources. Development of more enterprises by fortifying the skilled human capital and promoting investments including domestic as well as foreign in all the sectors to entail in the total economic development of the State through employment generation and export-oriented business is the major objective of the Government.
Investment in Land, Building, Plant & machinery, Electrification, Essential Office Equipments, Pollution Control Devices and other fixed assets are eligible
For General Category Assistance is 15% limited to INR 20 lakhs
For Young (18 to 45 years), Women and SC/ST entrepreneurs, the assistance is 20% limited to INR 30 lakhs
Enterprises in priority sector is eligible for additional assistance of 10% limited to INR 10 lakhs
MSMEs started in the districts of Idukki, Wayanad, Kasargode and Pathanamthitta are eligible for additional support of 10% limited to INR 10 lakhs
Industries set up after acquiring new technology from approved research institutions are eligible for additional support of 10% limited to INR 10 lakhs
The total eligible assistance for an enterprise is limited to INR 30 lakhs