"Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme

• 25% as margin money (restricted to ₹50,000/-) on the loan amount, upon receipt of sanction order from the financial institution.
• The amount is released to the bank on behalf of the entrepreneurs.

• The applicant should belong to Puducherry by virtue of birth or by residence continuously for 5 years
• The applicant should ascertain availability of loan.
• The silk unit should be set up in Puducherry.
• The unit should start its commercial production within six months from the date of release of the Margin Money Grant.
• The income of the applicant and his/her family members should not be more than ₹1,00,000/- and above from all sources.

Step 1: The interested applicant should take print of the prescribed format of the application form.

Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).

Step 3: The interested applicant should visit (on a working day, and during office hours) the District Industries Centre (Thattanchavady, Puducherry - 605 009), and submit the duly filled and signed application form and the documents to the concerned authority.

Step 4: On receipt of the application, necessary entries will be made in the application receipt register and a unique number is assigned to the applicant for identifying each applicant which shall be used for all further references and also as acknowledgement for the receipt of the application.