Scheme of Assistance to MSEs for Shed Developed by Private Developer

4. Who will be eligible?

• Micro and Small enterprise as defined in the MSMED Act, 2006 
• Any Industries Association / any enterprise registered under the Societies Act, Partnership Act, Trust Act, Companies Act or SPV constituted for setting up of Mini Estate shall be eligible to develop Mini Estate under this scheme.

5. Assistance Available

• Assistance @ 55% of the total cost of land, building, other infrastructure facilities and technical consultancy fees and TPQA charges subject to maximum ceiling of Rs. 5 crore
• The Private Developer will pass on this assistance to the allotee at the time of allotment.

6. Basic Conditions of Scheme

• The size of shed shall be 50 sq. mt. to 100 sq. mt.
• The size of mini estate shall not be more than 12 Hectare
• The land shall be in the Industrial zone in the Municipal Corporation / Urban Development Authority area and land shall be converted to N.A for Industrial purpose in other areas
• The Private Developer shall have to develop all the infrastructures as approved by SLEC within two years from the date of sanction
• The Developer shall have to maintain the project for five years and there after developer has to hand over the operation and maintenance to the members association of the estate 
• Developer shall not sell more than one shed to one MSE