Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan
The scheme "Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan" was introduced by the Department of Social Justice & Special Assistance, Government of Maharashtra. The scheme aims to promote the development of spinning mills owned by scheduled caste members.
About the Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan Scheme
The scheme "Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan" was introduced by the Department of Social Justice & Special Assistance, Government of Maharashtra. The scheme aims to promote the development of spinning mills owned by scheduled caste members by providing funding in the form of a loan that covers 50% of the project cost.
Benefits
A loan covering 50% of the project cost.
Eligibility Criteria
- The spinning mill must collect a minimum of ₹80,00,000/- or at least 5% of the project cost as member shares.
- The project submitted by the spinning mill must be enumerated by recognized financial institutions/banks, which will also check the project report.
> Recognized Institutions for Enumeration
- Maharashtra Industrial & Technical Consultancy Organization Ltd. (MITCON), Pune.
- Agriculture Financial Corporation, Mumbai.
- Dattajirao Technical Institute, Ichalkaranji.
> NOTE 1: Ensure that all financial contributions and project details are documented and verifiable.
> NOTE 2: The spinning mill should engage with recognized institutions early in the project planning phase to facilitate a smooth enumeration process.
> NOTE 3: Proper financial management is essential to meet the project cost and member share requirements.
How to Apply for Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan
Application mode: Offline
Step 1: The interested applicant should visit (during office hours) the Textile Department, Government of Maharashtra and request a hard copy of the prescribed format of the application form from the concerned authority.
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: Submit the duly filled and signed application form along with the documents, within the prescribed period (if any), to the Textile Department.
Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Step 5: After approval and sanction of share capital, proceed to submit the application to the Assistant Commissioner, District Social Welfare Office, where the Social Welfare Department will sanction the loan.
NOTE: Ensure that the application is submitted within the prescribed period, if any.
Frequently Asked Questions
What is the Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan scheme?
The scheme "Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan" was introduced by the Department of Social Justice & Special Assistance, Government of Maharashtra. The scheme aims to promote the development of spinning mills owned by scheduled c…
Who is eligible for Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan?
The spinning mill must collect a minimum of ₹80,00,000/- or at least 5% of the project cost as member shares. The project submitted by the spinning mill must be enumerated by recognized financial institutions/banks, which will also check the project report. Recognized Institutions for Enumeration M…
What benefits does Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan provide?
A loan covering 50% of the project cost.
How can I apply for Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan?
Step 1: The interested applicant should visit (during office hours) the Textile Department, Government of Maharashtra and request a hard copy of the prescribed format of the application form from the concerned authority. Step 2: In the application form, fill in all the mandatory fields, paste the p…
Source: official scheme details published on the Government of India's myScheme portal. Always verify eligibility and deadlines on the official portal before applying. Scheme rules can change.
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