Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan

Eligibility Criteria

• There are 1 to 24 terms and conditions. Main conditions are-
• The concern spinning mill has to collect Rs. 80.00 lacks or minimum 5 per cent cost of project to be collected as member shares.
• The 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
• The project submitted by the pinning mill should be enumerated by the financial institutions/ banks that provide loan to the spinning mill. In addition to this the project report can be checked / enumerated by following institutions and submit to government. The enumeration fee is fixed for Rs. 2.50 lakhs. The project enumeration cost should be bared by the spinning mill.
• Maharashtra Industrial & Technical consultancy Organization Lmt. (MITCON), Pune.
• Agriculture financial Corporation, Mumbai
• Dattajirao Technical Institute, Ichalkarangi.

Beneficiary:

Schedule Caste

Benefits:

50 per cent of Project cost is provided as a loan by social welfare department.