Sarkari Yojana
Dattopant Thengadi Artisan Interest Subsidy Scheme
About Dattopant Thengadi Artisan Interest Subsidy Scheme
Run by the Government of Gujarat, Industries and Mines Department, the “Dattopant Thengadi Artisan Interest Subsidy Scheme” helps workmen registered as artisans in both urban and rural parts of the State obtain finance for machinery or working capital easily and at low interest. Assistance is available up to a maximum credit limit of ₹1,00,000/- for machinery, working capital, or both, covering the purchase of raw materials, equipment or tools to grow a business. Beneficiaries receive a Margin Money Subsidy as well as an Interest Subsidy at a rate of 7%. To apply, a person must be registered as an artisan with the Indext-C of the Cottage and Rural Industries Department and hold either an Identity card from the Development Commissioner Handloom/Handicraft/Indext-C or a Provisional Certificate from the General Manager, District Industries Centre. The District Industries Centre serves as the nodal agency, receiving applications, while the funds are routed through Nationalized Banks, Regional Rural Banks, Co-operative Banks, Public Sector Banks and Private Banks.
Scheme Overview
State Government
Individual
Scheme Details
Eligibility Requirements
To qualify for Dattopant Thengadi Artisan Interest Subsidy Scheme, applicants must satisfy the following conditions:
General Eligibility
Applicants must be older than 18 years
Applicants must be older than 18 years.
An Identity card from the Development Commissioner Handloom/Handicraft/Indext-C…
An Identity card from the Development Commissioner Handloom/Handicraft/Indext-C is required.
The applicant should be skilled in Handloom or…
The applicant should be skilled in Handloom or Handicraft art.
The applicant needs to be registered as an…
The applicant needs to be registered as an artisan, in either urban or rural areas of the State, with the Indext-C of the Cottage and Rural Industries Department. Relaxation/Inclusions
Physically Handicapped or Blind Artisans are also entitled…
Physically Handicapped or Blind Artisans are also entitled to the scheme's benefits.
Where no Identity Card from the Development Commissioner…
Where no Identity Card from the Development Commissioner is held, an artisan's Provisional Certificate from the General Manager, District Industries Centre is accepted instead.
Benefits Provided
Dattopant Thengadi Artisan Interest Subsidy Scheme provides the following benefits to eligible applicants:
Financial Assistance
Credit of up to ₹1,00,000/- can be availed…
Credit of up to ₹1,00,000/- can be availed for machinery, working capital (raw materials), or a combination of both.
Intended Use
Intended Use: The funds are meant for buying raw materials, equipment, tools and machinery to develop a current or new business. Margin Money Subsidy
General Category (Male) beneficiaries get 20% of the…
General Category (Male) beneficiaries get 20% of the loan amount.
Reserved Category (Scheduled Castes/Scheduled Tribes), Women, and blind…
Reserved Category (Scheduled Castes/Scheduled Tribes), Women, and blind or handicapped beneficiaries having 40% or more disability get 25% of the loan amount.
Disbursement
Disbursement: Once the loan is released, the subsidy is deposited into the beneficiary's Bank Account.
Validity
Validity: This subsidy applies to a loan of at most ₹1,00,000/- over a span of three years. Interest Subsidy
Interest is subsidised at 7%
Interest is subsidised at 7%.
Disbursement
Disbursement: Payment reaches the beneficiary's account every six months (half-yearly).
Conditions for Disbursement
Conditions for Disbursement: Credit is made only after the bank's subsidy claim arrives, and the claim must exclude penal interest or any other charges.
Validity
Validity: The subsidy runs for no more than three years. Conditions for Continuation: On the Bank's recommendation, beneficiaries who pay their Bank-fixed instalments on time may receive further benefit under the scheme up to three more times, on the same terms. Mode of Disbursement for all Subsidies
Every subsidy payment is made solely via RTGS/e-Payment
Every subsidy payment is made solely via RTGS/e-Payment.
For this, beneficiaries must supply their Account Number,…
For this, beneficiaries must supply their Account Number, IFSC Code, TAN No., and Aadhaar Number. Conditions for Availment/Continuation of Loan and Benefits
The beneficiary must repay the loan and interest…
The beneficiary must repay the loan and interest regularly over a period fixed by the Bank, lasting at least one year (12 monthly instalments) and at most three years (36 monthly instalments).
Instalments and interest must be paid to the…
Instalments and interest must be paid to the bank on schedule, and the artisan must not be a bank defaulter.
The sanctioned loan may be spent only on…
The sanctioned loan may be spent only on its approved purpose. Any diversion obliges the beneficiary to repay the loan, interest and government assistance at once, and the beneficiary accepts that the amount can be recovered as arrears of land revenue.
After the loan is released, the implementing agency…
After the loan is released, the implementing agency will carry out site visits to confirm that machinery, equipment or raw materials have been bought for the stated purpose.
Documents Required
Applicants should keep the following documents ready before starting the application:
For Application Submission
Two recent passport-size photographs, one pasted on each…
Two recent passport-size photographs, one pasted on each copy of the application form.
A certified copy of the Election Card /…
A certified copy of the Election Card / Aadhaar Card.
A certified copy of the Artisan Identity Card…
A certified copy of the Artisan Identity Card (from the Development Commissioner Handloom/Handicraft/Indext-C) / Provisional Certificate (from the General Manager, District Industries Centre).
Birth Certificate / School Leaving Certificate as proof…
Birth Certificate / School Leaving Certificate as proof of age.
A quotation carrying the TIN/VAT Number for the…
A quotation carrying the TIN/VAT Number for the equipment and tools you plan to buy.
Evidence of where the proposed business will be…
Evidence of where the proposed business will be located (Rent Slip/Rent Agreement, House Tax Receipt, etc.).
Proof / Authority Letter for electricity use (only…
Proof / Authority Letter for electricity use (only where electricity will be used).
A certified copy of the family Ration Card
A certified copy of the family Ration Card. For Subsidy Claim and Disbursement
The artisan's loan account number
The artisan's loan account number.
IFSC Code of the bank branch
IFSC Code of the bank branch.
TAN Number of the bank branch
TAN Number of the bank branch.
The beneficiary's bank account number
The beneficiary's bank account number.
The beneficiary's Aadhaar Number
The beneficiary's Aadhaar Number.
Certificate from the Financial Institution ( Annexure -…
Certificate from the Financial Institution ( Annexure - A ).
Filled Subsidy Claim Form ( Annexure - B…
Filled Subsidy Claim Form ( Annexure - B ).
Filled Margin Money Subsidy Claim Form
Filled Margin Money Subsidy Claim Form.
How to Apply
Offline Application
Applicants can apply for Dattopant Thengadi Artisan Interest Subsidy Scheme through the offline application process outlined below.
Print out the official application form available on…
Print out the official application form available on the website of the Commissioner of Cottage & Rural Industries.
Complete two copies of the form, entering every…
Complete two copies of the form, entering every required detail accurately, including personal particulars, business information and financial needs, among others.
Paste two passport size photographs on both copies…
Paste two passport size photographs on both copies of the form. Gather all the necessary documents and attach certified copies of them to the application.
Hand in the filled application form with all…
Hand in the filled application form with all certified supporting documents (two sets) at the District Industries Centre of your district. Post Application Processes
Once the application is accepted, financial institutions such…
Once the application is accepted, financial institutions such as Nationalized Banks, Regional Rural Banks, Co-operative Banks, Public Sector Banks and Private Banks will approve the loan under their own norms and release the full amount. Repayment instalments, as set by the Bank, begin after the loan is disbursed.
The Bank then files the subsidy claims (Margin…
The Bank then files the subsidy claims (Margin Money Subsidy and Interest Subsidy) with the Commissioner, Cottage and Rural Industries, or the District Industries Centre.
After the Bank's claim is received, the Margin…
After the Bank's claim is received, the Margin Money Subsidy (paid once after loan disbursement) and the Interest Subsidy (paid half-yearly) are transferred straight to the beneficiary's bank account. For the subsidy to be released, the bank must certify that the artisan is paying instalments regularly and is not a defaulter. The bank must also verify the site and certify that the loan was spent on its intended purpose, such as buying machinery/raw materials.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.