Scheme Name: Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan Promote the spinning mills of scheduled caste members

State: Maharashtra

Description of the Scheme:

Target group :

Sector of the Scheme:

Eligibility Criteria:

Spinning mill has to collect Rs. 80.00 lakhs or minimum 5 per cent cost of project to be collected as member shares.

Director of Textile and Handloom Maharashtra State, Nagpur sanctions 9 times amount of the member share of the spinning mill as Government share capital and Department of Social Welfare sanction 1:1 (50 per cent of the project cost) financial assistance as long term basis loan to such spinning mills.

Project submitted by spinning mill should be enumerated by financial institutions/banks that provide loan to spinning mill. In addition to this project report can be checked/enumerated by following institutions and submit to government. Enumeration fee is fixed for Rs.2.50 lakhs. Project

enumeration cost should be bared by the spinning mill.

SC spinners operating Maharashtra

Nature & Mode of Assistance:

50 per cent of project cost is provided as a loan by Social Welfare Department.

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

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

How to apply: Application has to be submitted to Textile Department, Govt. of Maharashtra. After approval and sanction of share capital.
Then application should be submitted toAssistant Commissioner, Social Welfare District Office. Social Welfare Department sanction 50% loan to these spinning mills.

Whom to Contact: District Offices of LIDCOM