- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Maharashtra
Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan
Financial Assistance
Loan
Mill
SC
Scheduled Caste
Social Welfare
Details
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
- 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.
Application Process
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.
Documents Required
- Passport-sized photograph (signed across).
- Recent financial statements of the spinning mill.
- Detailed project report enumerated by a recognized financial institution.
- Identity proof, address proof, and any other required documents, all self-attested.
- Any prior approvals from the Textile Department.
- Any other documents as specified by the concerned authority.
Frequently Asked Questions
What is the objective of the scheme?
To promote spinning mills owned by scheduled caste members.
Who is eligible to apply?
Scheduled caste cooperative spinning mills.
What percentage of the project cost is funded?
The scheme provides 50% of the project cost as a loan.
How much must members contribute?
Members must collect a minimum of ₹80 lakhs or at least 5% of the project cost.
What is the enumeration fee?
The fee is ₹2.50 lakhs, to be borne by the spinning mill.
Where do I submit the application?
Submit the application first to the Textile Department, then to the Assistant Commissioner, Social Welfare District Office.
What documents are required for the application?
Completed application form, photographs, financial statements, project report, and self-attested documents.
How do I obtain the application form?
Visit the Textile Department to request a hard copy of the application form.
What happens after my application is approved?
You will need to submit the application to the Social Welfare Department for loan sanctioning.
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It seems you have already initiated your application earlier.To know more please visit
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Check Eligibility
Maharashtra
Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan
Financial Assistance
Loan
Mill
SC
Scheduled Caste
Social Welfare
Details
Benefits
Eligibility
Application Process
Documents Required
Frequently Asked Questions
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.
Was this helpful?
Share
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