The scheme "Grant of Margin Money for Availing Capital Loan" aims to incentivize entrepreneurs to establish new coir industries & revitalise existing ones. The units must be set up...
Department: · Level: state · State: Puducherry
- 25% margin money, capped at ₹25,00,000, upon receipt of a financial institution's sanction order for a project worth ₹1,00,00,000. - The loan amount will be released to the bank on behalf of the entrepreneurs. - The commercial production should commence within six months of the Margin Money Grant release.
The coir unit must be established in Puducherry.
**Offline** **Step 1:** The interested applicant should take print of the [prescribed format](https://dic.py.gov.in/application-forms-download-area) of the application form. **Step 2:** In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required). **Step 3:** The interested applicant should visit (on a working day, and during office hours) the District Industries Centre (Thattanchavady, Puducherry - 605 009), and submit the duly filled and signed application form and the documents to the concerned authority. **Step 4:** On receipt of the application, necessary entries will be made in the application receipt register and a unique number is assigned to the applicant for identifying each applicant which shall be used for all further references and also as acknowledgement for the receipt of the application.