§1Who it is for

  • New thrust-area units in notified locations; existing units on expansion

Useful if

MSMEs with working-capital loans.

Do not spend time on it if

Units without bank working capital.

§2Eligibility

  1. Micro, small or medium enterprise (MSMED Act definition) in a thrust area listed in para 8; large units only case-to-case by State Government
  2. New unit: commercial production after notification of IIPPM 2022 and on/before 31 Mar 2027; existing unit only on substantial expansion (25%+ rise in fixed capital investment after 1 Apr 2022)
  3. At least 80% of total employees must be local domiciled people of Manipur (relaxation for a specific period if skills not locally available, to satisfaction of Single Window Agency)
  4. Must hold an Incentives Eligibility Certificate: industrial licence/LoI/IEM/SIA number or Udyam Registration acknowledgment; required clearances for licensable/restricted items; unit in commercial production
  5. Not in negative list (Annexure A): tobacco (Ch 24), pan masala, plastic carry bags <20 micron, petroleum/gas refinery products (Ch 27), large/medium units employing <20 persons, makers of essential commodities sold through PDS
  6. Not eligible if similar incentive already availed under any other GoI/State/agency policy
  7. Unit must set up an industrial waste management system
  8. No change of location, substantial contraction or disposal of substantial fixed capital within 5 years of commercial production

§3Benefits

  • 3% interest subsidy on working capital loan for 10 years from commercial production (para 13.1(iii))
  • Insurance premium up to 100% on capital investment for 10 years 'as extended by the Central Government' (para 13.1(iv))

§4Norms — pattern of assistance

  1. Paid to applicable units only; benefit continues for the specified period even beyond 31 Mar 2027

§5Documents

Not published

The guideline does not list the documents. Ask the portal or bank before you apply — we do not make up lists.

§6How to apply

  1. 1

    Get Udyam Registration and clearances through the single window (Manipur Industrial Single Window Clearance Act, 2021)

  2. 2

    Obtain Incentives Eligibility Certificate from the competent authority notified by the State

  3. 3

    File claims within one year of the period to which the claim relates; claims vetted by the empowered State Level Committee of the Single Window Agency

§7Pros and cons

Merits

  • Long 10-year tenure

Demerits

  • Insurance clause is tied to central terms ('as extended by the Central Government') - wording unclear

→Related schemes

Need help with Manipur interest & insurance?

Eligibility check, DPR and application file — ask us on WhatsApp.

WhatsApp usServices

Our interestHelp is our paid service. You can also apply for the scheme yourself.

Sources

  1. The Industrial and Investment Promotion Policy of Manipur, 2022 - Manipur Gazette Extraordinary No. 522, 20 Mar 2023 (scanned; read by OCR)

Checked on 18 October 2026. For information only — confirm with the department or bank. Spotted a mistake? Report it.