District Indistries Centre, Puducherry

Development of Coir

 

GRANT OF MARGIN MONEY FOR AVAILING CAPITAL LOAN

 

Objects:

 

To encourage the entrepreneur to set up new coir industries or renewal of existing coir industries

 

 

Eligibility/Condition:

 

i.  The unit should be set up in the U.T. of Puducherry.

ii. The  promoter should produce the sanction letter in respect of loan sanctioned   by the financial institution.

iii.The unit should start its commercial production within six months from the date of release of   Margin     Money Grant.

iv.The promoter should submit an under taking letter assuring that he will run the unit successfully for 5 years after  establishment of the unit.

 

Pattern of Assistance:

 

On receipt of sanction order of the financial institution, 25%  margin money restricted to Rs.25.00 lakhs i.e. for the project of Rs. 1.00 crore on the loan amount will be released to the bank on behalf  of the entrepreneurs

 

   
 Training  Advance Training  Exposure Tour  Exhibition  Cluster/Society  Margin Money  Raw Materials  EDP (Coir)