Tripura Term Loan Interest Subsidy — Up to ₹12L a Year — Frequently Asked Questions

It reimburses a set share of the interest you have already paid on a term loan. Non-Thrust Sector units get 4% of the interest paid, subject to a ceiling of ₹5.00 lakh per enterprise per annum. Thrust Sector units get 5% of the interest paid, subject to a ceiling of ₹12.00 lakh per enterprise per annum. ₹12.00 lakh is the highest yearly ceiling available under the clause.

No. TIIPIS 2022 is a rolling scheme and this clause does not set a cut-off date. Claims can be filed once interest has been paid, provided the yearly ceiling for your sector band is not exceeded.

Eligible industrial enterprises in Tripura — both Non-Thrust and Thrust Sector units — that have a term loan and have paid interest on it. The claim is a reimbursement of interest already paid, so a unit that has only been sanctioned a loan but has not yet serviced it cannot claim.

Neither. It is a subsidy, so the State takes no share of the company, and the reimbursed interest is not repayable as a loan or clawed back as long as the unit stays eligible.

No. The State is not lending here. You borrow from your own lender on ordinary terms and pay the interest; Tripura then reimburses the stated share of that interest, within the ceiling. The bank or financial institution remains your lender throughout.

No. This clause names interest paid on a term loan, and working-capital interest is not covered. File only against term-loan interest unless the Department tells you otherwise in writing.

File the TIIPIS 2022 interest-reimbursement claim on the SWAAGAT portal at https://swaagat.tripura.gov.in/ and through your District Industries Centre, under the Department of Industries and Commerce, Government of Tripura.

Term-loan sanction and disbursement papers, interest-paid certificates or bank statements for the claim year, a year-wise statement of interest paid, proof of the unit's location in Tripura and its enterprise papers, and evidence that it is an eligible industrial enterprise in the sector band — Non-Thrust or Thrust — under which you are claiming. You should also be ready to respond to any check with the lender or an inspection.

That is a matter between you and your lender. The scheme only reimburses a defined share of interest you have already paid; it does not settle, guarantee or substitute for the loan, and defaulting does not change the lender's rights.

There is no jury. The Department of Industries and Commerce and the District Industries Centre check that you are an eligible Tripura industrial enterprise, that the borrowing is a term loan, and that interest was actually paid. They then apply 4% with a ₹5.00 lakh yearly ceiling for Non-Thrust units or 5% with a ₹12.00 lakh yearly ceiling for Thrust units. Claims that cannot show interest paid, or that include interest the clause does not name, are queried or refused.

No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Tripura Term Loan Interest Subsidy — Up to ₹12L a Year, though having it can strengthen your application and unlock other benefits.

Tripura Term Loan Interest Subsidy — Up to ₹12L a Year is offered by Department of Industries and Commerce, Government of Tripura, a government body. It is provided as non-dilutive funding.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.