Motivation of Unemployed Persons to Start Self-employed Enterprises

> Quantum of Loan

Ranging from ₹10,000 to ₹2,00,000.

> Subsidy

• 50% of the project cost (excluding preliminary and pre-operative expenses) for projects not exceeding ₹10,000.
• 25% of the project cost (excluding preliminary and pre-operative expenses), subject to a maximum of ₹25,000, for projects exceeding ₹10,000 but less than ₹2,00,000.

> Interest

Normal bank rate of interest on the date shall be charged.

> Disbursement

The disbursement of the loan will be done once the beneficiary completes the formalities required by the banks for their project.

• The applicant's age should align with the existing norms of banks.
• The applicant should be able to read and write fluently.
• The applicant should be a permanent resident of the area for at least 3 years.
• All economically viable service and industrial activities are eligible.

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 General Manager of the District Industries Centre (Thattanchavady, Puducherry - 605 009, 2248391, 2249392, 2248987, dic_pdy@bsnl.in), 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.

*The filled applications will be scrutinized and called for an interview once a quarter. The successful candidates' applications will be forwarded to the respective banks for further action.