Jute Raw Material Bank Scheme

Description
Jute Raw Material Bank Scheme JRMB will be set up in the local clusters across the country in collaboration with bonafide Agencies who have adequate experience in similar activities and have the required storage, display, and selling infrastructure. The JRMB will source the raw materials directly from the Jute Mills and Jute raw material manufacturers at economical rates. These JRMB will provide backward linkages to the Jute Artisans, WSHGs, JDPs Micro & Small Units and beneficiaries of JRCPC to help them provide jute raw material in their locality to manufacture JDPs. The objectives of the JRMB are: - To set Up JRMBs in the jute-producing clusters/localities to help easy and uninterrupted supply and sale of jute raw materials to the beneficiaries of JRCPC, WSHGs, Jute Artisans, Micro and Small Jute manufacturers below mill gate prices to make their JDPs cost competitive. - To supply finer-count yarn, fabrics of 100% Jute / Union /Blended, laminated fabric, Technical Textiles and other braided, decorative yarns for diversified applications and value addition of Jute. - To make jute raw materials available in the desired quantity and quality to the beneficiaries of JRCPC, WSHGs, Micro and Small Jute manufacturers for manufacturing Jute Diversified Products.

Exclusions
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Benefits
• 30% Financial Support on Sales Value
• Additional Freight Subsidy
• 100% Reimbursement
• Affordable Raw Jute Access
• Reliable Supply Chain Support

Eligibility Criteria
1. The Agency and its functionaries should be bonafide Indian agencies and Indian Citizens.
2. Reputed Registered Jute Entrepreneurs/ Manufacturers, Exporters, Merchant Traders, NGOs, Cooperative Societies, Federations, PSUs/ Organizations of the Central/ State Govt. and other firms / Agencies engaged in the Product identification and Marketing of Jute Diversified Products (JDPs) at least for the last three years.
3. Recognized agencies having at least three years of experience in Trading and promotion in the field of production and Marketing of Jute Diversified Products (JDPs) or similar schemes in the Handloom, Handicrafts, and Textiles sector will be preferred.
4. The CA / OA should have its own office with telephone/ mobile connection, computer/ laptop with email facilities, etc. for running the Jute Raw Material Bank (JRMB) and at least 200 sq. ft space for running the JRMB.

Application Process
Step 1: The proposals are to be submitted in Hard copy of application form (Annexure-1), in a sealed cover and all the documents should have the total number of pages indicated and signature of the authorized persons from the agency, in all Pages.
Offline

The proposals are to be submitted in Hard copy of application form (Annexure-1), in a sealed cover and all the documents should have the total number of pages indicated and signature of the authorized persons from the agency, in all Pages.

Required Documents
• PAN Card of the Company.
• Identification of the Applicant with Address Proof.
• Rental / Ownership proof.
• GST Registration Details.
• Trade License (if Any).
• Location map of JRMB.
• Photographs of JRMB (in inside and outside view ,in a single pdf).
• Income Tax Return (last three years ,in a single pdf).
• C.A Certified Balance Sheet (last three years ,in a single pdf).
• Document in support of Work experience.
• Documents - fund received from Govt. organizations.
• Recommendation of DM / Dist. Collector / DIC / BDO / NABARD/DRDA, etc.

Frequently Asked Questions
Q: What is the JRMB Scheme?
A: It establishes **local “banks”** in jute clusters to supply raw jute material to **JRCPC beneficiaries, WSHGs, artisans, and JDP micro/small units** at mill-gate rates for cost-effective manufacturing.

Q: Who can run a JRMB?
A: **Bonafide Indian agencies**—such as jute entrepreneurs, manufacturers, exporters, traders, NGOs, co-ops, or PSUs—with at least 3 years of relevant experience are eligible.

Q: What financial support does NJB provide?
A: NJB covers 30% of annual sales **(capped at ₹12 lakh)**, including a 5% cash discount for beneficiaries and up to 25% for transportation costs.

Q: Is there extra support for hilly regions?
A: **Yes**—an additional **₹1.50/kg freight reimbursement** is given to JRMBs in hill areas like J&amp;K, HP, Uttarakhand, NER states, Andaman, Lakshadweep.

Q: What are the targets per JRMB?
A: Each bank must achieve **₹40 lakh** sales annually, serve **at least 20 beneficiaries per year**, and limit purchases to ₹2 lakh per beneficiary annually.

Q: How and when is the financial support disbursed?
A: Claims are processed quarterly after submission of audited accounts, GST returns, bills/invoices, bank statements, and ledgers.

Q: What infrastructure must the agency provide?
A: The collaborating agency bears costs for warehouse, electricity, water, furniture, and office setup (min. 200 sq.ft), phone/internet, computer.

Q: What raw materials can JRMBs supply?
A: They may stock jute fibre, finer yarns, blended fabrics, laminated/technical textiles, decorative/ braided yarns—procured against GST invoices from registered mills.

Q: How should proposals be submitted?
A: Applications must be submitted offline in sealed hard copy, signed on every page, with documents numbered sequentially.

Q: What documents are required to apply?
A: Include MoU/AoA/trade license, Aadhaar/address proof, PAN &amp; ITRs (last FY), GST returns (last 3 FYs), audited statements (last 3 FYs), experience certificates, and local authority recommendations.