Scheme for Financial Assistance to Industrial Cooperative Societies of Scheduled Castes

State Sponsored Scheme

• This scheme was initiated in the year 2004-05.

Objective of the Scheme

• To bring Scheduled Caste communities into the mainstream of development through cooperation by providing self-employment opportunities to the unemployed in Scheduled Castes and fostering entrepreneurship.

Government Resolutions

• G.R. No. Masaka-2003/Pr.No.19/Vighayo-2 dated February 27, 2004
• G.R. No. Masaka-2008/Pr.No.150/Vighayo-2 dated May 22, 2008
• G.R. No. Masaka-2010/Pr.No.52/Vighayo-2 dated March 30, 2010
• G.R. No. Masaka-2012/Pr.No.222/Ajak-1 dated December 03, 2012
• G.R. No. CBC-2014/Pr.No.156/Mavak-1 dated August 28, 2014
• G.R. No. Masaka-2015/Pr.No.310/Ajak-1 dated March 21, 2016
• G.R. No. Masaka-2015/Pr.No.310/Ajak-1 dated March 21, 2016
• G.R. No. Masaka-2015/Pr.No.243/Ajak-1 dated November 14, 2018

Nature of the Project

• Power loom societies, knitting garments, yarn processing units, agricultural produce processing, cooperative sugar factories, khandsari factories, bio-coal printing presses, etc.

Eligibility Criteria

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

Project Cost Limit

• The project cost limit is up to Rs. 7 crores.
• For the year 2023-24 total 507 industrial cooperative societies has been granted by government.

Funding Structure

Sr. No.	Item	Percentage
1	Cooperative Society’s Own Contribution	5%
2	Government Share Capital for Cooperative Societies	35%
3	Long-Term Government Loan	35%
4	Loan from Financial Institutions	25%

Beneficiary:

Scheduled Caste communities

Benefits:

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