Scheme Name: District Industries Centre Loan Scheme

State: Maharashtra

Description of the Scheme: Provides financial assistance in the form of margin/seed money for promotion of tiny industries in semi-urban and rural areas. Margin money is provided for those units where investment in plant and machinery does not exceed Rs.2 lakhs. All towns and rural areas having population of less than 1 lach are covered.

Target group :

Sector of the Scheme:

Eligibility Criteria: Margin money assistance is admissible only to those units whose investment in plant & machinery does not exceed Rs. 2 lakh.

Nature & Mode of Assistance: Assistance of upto 20% of total investment or a maximum of Rs.40,000 is provided to entrepreneurs belonging to the general category. In case of entrepreneur belonging to scheduled caste & scheduled tribe, assistance of upto 30% of total fixed capital investment or a maximum of Rs.60000 is provided. The assistance provided in the form of loan must be repaid back to State Government with a 4% interest rate within 7 years.

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: General Manager, District Industries Centre

Whom to Contact: Local District Industries Centre