Long-Term Loan Approval for Scheduled Caste (SC) Spinning Mills under Special Component Plan

State Sponsored Scheme

Government Resolutions

• G.R. No. MPC-1099/Pr.No.244/Vighayo-2 dated April 30, 2000
• G.R. No. Sutgi-2003/555/Pr.No.33/Vighayo-2 dated July 02, 2004
• G.R. No. CBC-2014/Pr.No.156/Mavak-1 dated August 28, 2014

Main Objectives of the Scheme

• To bring Scheduled Caste communities into the mainstream of development through cooperation.
• To provide and encourage self-employment opportunities for the unemployed in Scheduled Castes.

Nature of the Project

• Power looms and spinning mills.

Eligibility Criteria

• Only registered cooperative societies of Scheduled Castes are eligible to apply under this scheme.

Project Cost Limit

• The project cost limit is upto 80 crores.

Funding Structure

Sr. No.	Item	Percentage
1	Cooperative Spinning Mill’s Own Contribution	5%
2	Government Share Capital from Cooperation and Textile Department	45%
3	Long-Term Government Loan from Social Justice Department	50%
Total		100%

 

 

Beneficiary:

Scheduled Caste communities

Benefits:

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