Answer a few questions about your enterprise to find out which K-RIIS incentive schemes you may be eligible for under the Kerala Industrial Policy 2023.
Incentive Eligibility Checker
Fields marked * are mandatory. Select your sector and answer each question to proceed.
MSME
Category
Criteria
MSME
Micro Enterprise
Enterprises whose investment in plant & machinery/equipment does not exceed Rs.1 Crore and turnover does not exceed Rs.5 Crore.
Small Enterprise
Enterprises with investment in plant & machinery/equipment not exceeding Rs.10 Crore and turnover not exceeding Rs.50 Crore.
Medium Enterprise
Enterprises whose investment in plant & machinery/equipment does not exceed Rs.50 Crore and turnover does not exceed Rs.250 Crore.
Non MSME
Category
Criteria
Non MSME
Large Enterprise
Enterprises whose investment in Plant &
Machinery/ Equipment exceeds Rs.50 Crore
and turnover not exceeding Rs.300 Crore.
Mega Enterprise
Enterprises with investment in Plant &
Machinery/ Equipment exceeding Rs.300
Crore.
Startup
Sl No
An entity shall be considered as a Startup
Startup
i.
Upto a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.
ii.
Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
iii.
Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a 'Startup'.
For more information kindly refer the notification G.S.R. 127(E). — This notification is being issued in supersession of the Gazette Notification No. G.S.R. 364(E) dated April 11, 2018, as modified vide Gazette Notification No. G.S.R. 34 (E) dated January 16, 2019 by Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.