District Indistries Centre, Puducherry

Development of Silk

 

GRANT OF MARGIN MONEY FOR AVAILING CAPITAL LOAN

 

To encourage the entrepreneur to set up new silk weaving industries or to renew of existing units

 

Criteria to avail the assistance


The silk unit should be set up in the Union Territory of Puducherry

 

The promoter should belong to the U.T. of Puducherry by virtue of birth or by residence continuously for 5 years

 

The promoter should ascertain availability of loan

 

Loan sanction letter from the financial institution should be produced

 

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

 

The promoter should produce undertaking letter assuring that he will run the unit successfully for 5 years after establishment of the unit

 

Pattern of Assistance

 

25% of the loan amount restricted to Rs.50,000 will be released to the bank on behalf of the entrepreneur as margin money

 

 

   
 Training  Cluster/Society  Margin Money