The STHAPAN Scheme aims to promote capital investments in the MSME sector by assisting Greenfield Manufacturing units. It provides financial assistance by the way of term loan for plant & machinery, purchase of land, construction of factory building, purchase of equipment, Misc. fixed assets, installation of roof top solar projects, etc. under the product linked incentive schemes. This scheme is valid up to 31st March 2022 and may be extended on a need basis.
Eligibility Criteria:
- The main objective of STHAPAN is to provide financial assistance to Greenfield units for setting up new units.
- The Promoters of the new entity should have 5 years of experience in the business.
| List of sectors under STHAPAN Scheme | |
| Automobiles and Auto Components (excluding dealership but including general Engg.) | Specialty Steel |
| White Goods (including ACs and LEDs) | Textile Products: MMF Segment and technical textiles |
| High-efficiency solar PV modules | Advanced Chemistry Cell (ACC) Battery |
| Drugs and Pharmaceuticals(including ingredients) | Food Products |
| EV Charging Stations | Medical devices |
| Healthcare Centers (including Hospitals, nursing homes, and diagnostic centers) | Mobile Phone and accessories |
| Agri allied sectors | Renewable sectors (including rooftop solar |
| Aerospace and defense | Garmenting |
| Paper & Paper Products | Rubber and Rubber Products |
| Plastic & Plastic products (excluding single-use plastic | Chemical and Chemical Products |