"Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme
The scheme aims to encourage the entrepreneur to set up Silk Weaving Units in Puducherry. This margin money grants will reduce the initial financial burden on the entrepreneurs while availing term loan/working capital loan from the financial institutions for setting up of silk weaving units.
About This Scheme
Benefits
₹50.0K
- 25% as margin money (restricted to ₹50,000/-) on the loan amount, upon receipt of sanction order from the financial institution.
- The amount is released to the bank on behalf of the entrepreneurs.
Eligibility
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Required Documents
- ✦Birth Certificate/Residential Certificate.
- ✦Loan sanction letter from the financial institution.
- ✦Income Certificate.
- ✦An undertaking letter (on a stamped paper of ₹10/-) assuring that the applicant will run the unit successfully for 5 years after establishment of the unit.
- ✦Any Other Document as Required by the District Industries Centre.
✦ Required ◦ Optional
How to Apply
Step 1: The interested applicant should take print of the prescribed format of the application form.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: The interested applicant should visit (on a working day, and during office hours) the District Industries Centre (Thattanchavady, Puducherry - 605 009), and submit the duly filled and signed application form and the documents to the concerned authority.
Step 4: On receipt of the application, necessary entries will be made in the application receipt register and a unique number is assigned to the applicant for identifying each applicant which shall be used for all further references and also as acknowledgement for the receipt of the application.
Quick Info
- Level
- Central Government
- Max benefit
- ₹50.0K