Project Cost: The Project cost under this scheme shall include the following-

• Cost of land and its development including documentation charges. The cost of land and its development shall not exceed 10% of the project cost.
• Cost of building. This shall not exceed 25% of the project cost.
• Plant & Machinery, equipment including all accessories, tools, jigs, fixtures, essential office equipment and furniture, lab equipment, pollution control devices, and generators.
• Electrification.
• Preliminary and pre-operative expenses which shall include Registration charges of the firm, engineering drawings, cost of the project report, Technical know-how, and cost of technical supervision during the implementation period. However, these preliminary and pre-operative expenses shall not exceed 10 % of the project cost.
• Allowance for cost escalation (contingencies). The contingency allowance shall not exceed 10% of the cost of the item for which it is meant.
• Working Capital. The working capital shall not exceed 40% of the project cost or one working cycle, whichever is lower.

1. All new Nano proprietary enterprises in manufacturing/food processing and job works and units engaged in the service sector having any type of value addition, whose project cost includes fixed capital and working capital up to 10 lakhs are eligible for assistance under the scheme.
2. The unit shall not have availed any grant assistance earlier under any schemes of the Government of India & Government of Kerala or Local Self Government Department.

Obligation of an applicant:

1. The applicant shall provide all required details and declare such information as to be true.
2. The applicant shall provide clarifications of further details sought by the recommending/ sanctioning authority.
3. The applicant shall allow inspection or verification of any details mentioned in the application including plant and machinery and all other assets if so required by recommending/sanctioning authority.
4. Applicants shall produce originals of any important documents if so required by the recommending/ sanctioning authority for verification including:
5. Title deed of land/land tax receipt if any/Lease agreement/rent agreement as the case may be.
6. Ownership Certificate of the building if any.
7. Invoice or bill of Plant and machinery.
8. The applicant shall execute the requisite legal agreement online and if required on paper as and when the proposal is approved for implementation and furnish the signed hard copy subsequently via post or otherwise.
9. The applicant shall utilize the amount received only in the manner agreed upon.
10. The applicant shall operate the unit as stipulated in the agreement in which the quantum of support received, failing which the assistance shall be resumed by restoring the provisions of the Kerala Revenue Recovery Act.