Financial Assistance scheme to the Co-operative Industrial societies of Scheduled Castes

Key Terms of the Scheme

• This scheme is implemented in accordance with a total of 1 to 32 and 5 supplementary conditions, with the main conditions as follows:
• Only registered cooperative societies of Scheduled Castes are eligible to apply under this scheme.
• According to the principles of the Special Component Plan, 70% of the shareholders of the society should be from Scheduled Castes. After the cooperative societies’ projects are established and properly started, 70% of the employees and workers should also be from Scheduled Castes.
• As per the guidelines of the Special Component Plan, the applicant society should be from Scheduled Castes and will receive loans and equity from the Social Justice Department under the Special Component Plan.
• Applicant cooperative societies will be eligible for government equity/long-term loans after depositing at least 5% of the project value submitted to the government.
• After the applicant society raises 5% of the total project value on its own, 35% equity and 35% long-term loans will be provided by the Social Justice Department under the Special Component Plan. Cooperative societies should obtain 25% of the project cost assistance from financial institutions.

Beneficiary:

Scheduled Castes

Benefits:

35% grant and 35% loan of the total project value of the society.