Sarkari Yojana
“Grant of Margin Money for Availing Capital Loan” Component of the “Development of Coir” Scheme
About “Grant of Margin Money for Availing Capital Loan” Component of the “Development of Coir” Scheme
Through the “Grant of Margin Money for Availing Capital Loan” component of the “Development of Coir” Scheme, the Department of Industries and Commerce, Union Territory of Puducherry, encourages entrepreneurs to set up new coir units or breathe fresh life into existing ones. To qualify, the unit must be located within the Union Territory of Puducherry. Margin money is disbursed once a financial institution issues its sanction order for the proposed project.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for "Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Scheme, applicants must satisfy the following conditions:
The coir unit must be located within Puducherry
The coir unit must be located within Puducherry.
Benefits Provided
"Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Scheme provides the following benefits to eligible applicants:
Margin money equal to 25% of the project…
Margin money equal to 25% of the project cost, up to a ceiling of ₹25,00,000, is granted once a financial institution sanctions a project valued at ₹1,00,00,000.
This amount is credited to the bank directly,…
This amount is credited to the bank directly, on the entrepreneur's behalf.
Commercial production must begin within six months of…
Commercial production must begin within six months of the margin money being released.
Documents Required
Applicants should keep the following documents ready before starting the application:
Sanction letter for the loan from the financial…
Sanction letter for the loan from the financial institution
Promoter's undertaking committing to run the unit successfully…
Promoter's undertaking committing to run the unit successfully for five years after it is set up
Evidence that the unit is established within the…
Evidence that the unit is established within the Union Territory of Puducherry
How to Apply
Offline Application
Applicants can apply for "Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Scheme through the offline application process outlined below.
Take a printout of the prescribed format of…
Take a printout of the prescribed format of the application form.
Fill in every mandatory detail, paste a signed…
Fill in every mandatory detail, paste a signed passport-size photo where required, and enclose self-attested copies of the necessary documents.
Visit the District Industries Centre (Thattanchavady, Puducherry -…
Visit the District Industries Centre (Thattanchavady, Puducherry - 605 009) on a working day within office hours, and hand in the completed, signed application along with the documents.
The office will record the application in its…
The office will record the application in its receipt register and issue a unique identification number, which acts as proof of submission and should be quoted in all further communication.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.