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