Sarkari Yojana
“Grant of Margin Money for Availing the Capital Loan” Component of the “Development of Silk” Scheme
About “Grant of Margin Money for Availing the Capital Loan” Component of the “Development of Silk” Scheme
The “Grant of Margin Money for Availing the Capital Loan” component of the “Development of Silk” Scheme, run by the Department of Industries and Commerce, Union Territory of Puducherry, is aimed at motivating entrepreneurs to establish Silk Weaving Units within Puducherry. By providing this margin money, the scheme eases the upfront financial strain on entrepreneurs who take a term loan or working capital loan from financial institutions to set up silk weaving units.
Scheme Overview
State Government
Business Entity
Scheme Details
Eligibility Requirements
To qualify for "Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme, applicants must satisfy the following conditions:
The applicant must be a native of Puducherry…
The applicant must be a native of Puducherry by birth, or have lived there continuously for at least 5 years.
The applicant must confirm loan availability beforehand
The applicant must confirm loan availability beforehand.
The silk unit must be set up within…
The silk unit must be set up within Puducherry.
Commercial production at the unit must start within…
Commercial production at the unit must start within six months of the Margin Money Grant being released.
The combined income of the applicant and family…
The combined income of the applicant and family members must not exceed ₹1,00,000/- from all sources.
Benefits Provided
"Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme provides the following benefits to eligible applicants:
Margin money equal to 25% of the loan…
Margin money equal to 25% of the loan amount, capped at ₹50,000/-, is given once the financial institution issues its sanction order.
The amount is paid to the bank directly,…
The amount is paid to the bank directly, on behalf of the entrepreneur.
Documents Required
Applicants should keep the following documents ready before starting the application:
Birth certificate or residence certificate
Birth certificate or residence certificate
Loan sanction letter from the financial institution
Loan sanction letter from the financial institution
Income certificate
Income certificate
An undertaking (on ₹10/- stamp paper) committing to…
An undertaking (on ₹10/- stamp paper) committing to operate the unit successfully for 5 years from its establishment
Any additional document the District Industries Centre may…
Any additional document the District Industries Centre may require
How to Apply
Offline Application
Applicants can apply for "Grant of Margin Money for Availing the Capital Loan" Component of the "Development of Silk" Scheme through the offline application process outlined below.
Print the prescribed format of the application form
Print the prescribed format of the application form.
Complete all mandatory fields, affix a signed photograph…
Complete all mandatory fields, affix a signed photograph if needed, and attach self-attested copies of the required supporting documents.
Submit the signed, filled-in form with the documents…
Submit the signed, filled-in form with the documents in person to the District Industries Centre (Thattanchavady, Puducherry - 605 009), during working hours on a business day.
Ask for an acknowledgment — the office enters…
Ask for an acknowledgment — the office enters the application into its receipt register and assigns a unique number that will identify the applicant in all subsequent correspondence.
Official Application & Website
Verify the latest eligibility, dates and instructions before applying.
