Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme
in Puducherry
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Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme in Puducherry
Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme is a government scheme available to eligible residents of Puducherry.
Apply for Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme in Puducherry
Scheme Overview
The scheme aims to encourage the entrepreneur to set up Silk Weaving Units in Puducherry. This margin money grants will reduce the initial financial burden on the entrepreneurs while availing term loan/working capital loan from the financial institutions for setting up of silk weaving units.
Eligibility Criteria
- 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.
Benefits
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.
Required Documents
| # | Document |
|---|---|
| 1 | Birth Certificate/Residential Certificate. |
| 2 | Loan sanction letter from the financial institution. |
| 3 | Income Certificate. |
| 4 | An undertaking letter (on a stamped paper of ₹10/-) assuring that the applicant will run the unit successfully for 5 years after establishment of the unit. |
| 5 | Any Other Document as Required by the District Industries Centre. |
How to Apply in Puducherry
Step 1: The interested applicant should take print of the prescribed format of the application form.
Offline 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).
Offline 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 concer…
Offline 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 ac…
Offline 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.
Common questions in Puducherry
Who can apply for Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme in Puducherry?
Eligible residents of Puducherry who meet the scheme’s overall criteria can apply for Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme in Puducherry?
Applicants in Puducherry typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
Visit the official website https://dic.py.gov.in/development-of-silk for detailed scheme guidelines.