How to Apply for Personal Interest Subsidy Scheme — 4% Interest, Loans up to ₹5L

Assessment happens locally, in two layers — first within the department, then at the bank.

1. Applications are filed with the District Village Industries Office, which screens them.
2. A local committee — made up of Uttarakhand State Khadi and Village Industries Board officials and, where relevant, other district administration representatives — reviews each application. The committee verifies that eligibility criteria are met, judges how viable the proposed project is, and confirms that the required raw materials are locally available.
3. Applicants who clear this stage are guided into the bank loan application process, where the project is examined for financial feasibility.
4. Final selection depends on the bank sanctioning the project loan; after that, the department issues the final sanction for the interest differential.