Scheme Name: District industries centre loan scheme

State: Maharashtra

Description of the Scheme: The objective of the scheme is to provide financial assistance in the form of margin/seed money for the promotion of tiny industries in semi-urban and rural areas with a view to generate employment opportunities including self employment.

Target group :

Sector of the Scheme:

Eligibility Criteria: Margin money assistance is admissible only to those units whose investment in plant & machinery does not exceed Rs. 2 lakh.

Nature & Mode of Assistance: The extent of assistance is 20 % of the total investment or Rs. 40000/- whichever is less in case of entrepreneur belonging to general category and in case of entrepreneur belonging to scheduled caste & scheduled tribe, assistance upto 30 % of total fixed capital investment or upto maximum of Rs. 60000/- which ever is less is provided.

"Financial Information (Subsidy, low interest rate, etc.)": The State Government's rate of interest on this loan is 4 % and repayment is to be done within 7 years.

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Tribal Development Dept.

Whom to Contact: Tribal Development Dept.

http://www.maharojgar.gov.in

https://mahaschemes.maharashtra.gov.in/en/tribal%20welfare%20department.html