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Government Of Assam Chirang District

Industry

  • A Brief Write up of Schemes of District Industries & Commerce Centre, Chirang

    The District Industries and Commerce Centre, Chirang has been implementing the various schemes of Govt. of India, Govt. of Assam and BTC. The details of the ongoing schemes are briefly mentioned below:

    1. Prime Minister of Employment Generation Programme (PMEGP)

    Government of India had introduce a credit link subsidy programme called Prime Minister of Employment Generation Programme (PMEGP) for generation of employment opportunities through establishment of micro enterprises in rural as well as urban areas. PMEGP is a central sector scheme to be administered on micro, small and medium enterprises the scheme is being implemented by three agencies namely Khadi and Village Industries Commission (KVIC), Khadi Village Industries Boards (KVIB) and District Industries & Commerce Centre and Banks. The KVIC is the nodal agency for implementation of the scheme.

    A:   Eligibility Conditions of Beneficiaries:

    1. Any individual, above 18 years of age
    2. There will be no income ceiling for assistance for setting up project under PMEGP
    3. For setting up of project costing above Rs. 10 lakhs in the manufacturing sector and above Rs. 5 Lakh in the business/ service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
    1. Assistance under the scheme is available only for new projects sanctioned specially under the PMEGP.

    B:  Quantum of nature of Financial assistance:

    1.  General/SC/ST/OBC and Others

    Promoter contribution

    Rate of Subsidy          

     

    5%

     

    Urban

    Rural

    25%

    35%

            C:  Financial Institution:

    Public Sector Banks, Regional Rural Bank, Private Sector Schedule Commercial Bank.

    D:  Bank Finance:

    Bank will sanction 95% of the project cost and disbursed full amount suitably for setting up of the project. Bank will finance the project in               the form of composite loan consisting of capital expenditure and working capital. Total project cost maximum of 25 lakhs.

    E: Rate of Interest:

    Normal rate of interest shall be charged by the Bank.

    G:  Repayment Schedule:

    Repayment Schedule ranged between 3 to 7 years after an initial moratorium as may be prescribed by the concerned bank by the                             financial institution.

    H:  Modality of on-line process:

    Projects proposal are invited from potential beneficiaries at district level through press, advertisement and other multimedia by KVIC,                     KVIB and DICC etc.

    1. Apply on-line portal is mandatory
    2. At the time of submission of application the applicant will have to upload the photo and documents like caste certificate special category certificate rural area certificate project report education/EDP/ skill development certificate etc.

     

                No collateral security will be insisted upon by banks in line with guideline of Regional Bank India (RBI) for projects involving loan up to 10                lakhs in respect for the projects cleared by the Task force.

     

                                                                                                                                                  (Updated on 09-06-2021)

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