Scheme Name: Deen Dayal Upadhyaya Bunkar Yojana

State: Arunachal Pradesh

Description of the Scheme: This scheme aims to provide easy access to an affordable loan facility through bank channel for working women. Under the scheme, all women weavers will get the loan at the low rate for the working capital needs. In this article, we look at the Deen Dayal Upadhyaya Bunkar Yojana in detail.
? The beneficiary of the scheme will get a loan on 7% interest subvention.
? The government will provide a loan facility as a short-term credit / Cash Credit limit / Working capital limit / Weavers Credit Card / Swarojgar Credit card availed by the women weavers of the state.
? Under this scheme, the limit of working capital loan is up to Rs 2 lakh for each applicant women weaver.
? The district administration will cover all the women weavers with no limit on the unit size/number of looms.

Target group : Women weavers

Sector of the Scheme: Weaving

Eligibility Criteria: This scheme is only applicable to the individual women weaver or Group of Women Weavers, not to any company or any partnership firms.

Nature & Mode of Assistance:

• Under this scheme, the loan will be given at the lowest interest rate by the government in comparison to bank interest rate.
• The interest rate will be at 8% maximum.
• The NABARD will give the short-term loan under the scheme.
• One year duration will be given to repaying this loan.
• The interest assistance will be given up to 2 lakh working capital loan amount.

"Financial Information (Subsidy, low interest rate, etc.)": The beneficiary of the scheme will get a loan on 7% interest subvention

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

How to apply: State's Department of Finance, Investment and Planning

Whom to Contact: http://apstartup.in/