Long-Term Loan Approval for Scheduled Caste (SC) Spinning Mills under Special Component Plan

Government Resolutions

• G.R. No. MPC-1099/Pr.No.244/Vighayo-2 dated April 30, 2000
• G.R. No. Sutgi-2003/555/Pr.No.33/Vighayo-2 dated July 02, 2004
• G.R. No. CBC-2014/Pr.No.156/Mavak-1 dated August 28, 2014

Main Objectives of the Scheme

• To bring Scheduled Caste communities into the mainstream of development through cooperation
• To provide and encourage self-employment opportunities for the unemployed in Scheduled Castes

Nature of the Project

• Power looms and spinning mills.

Eligibility Criteria

• Only registered cooperative societies of Scheduled Castes are eligible to apply under this scheme.

Project Cost Limit

• The project cost limit is upto 80 crores.

Funding Structure

Sr.No.	Item	Percentage
1	Cooperative Spinning Mill’s Own Contribution	5%
2	Government Share Capital from Cooperation and Textile Department	45%
3	Long-Term Government Loan from Social Justice Department	50%
	Total	100%

Contact:

Assistant Commissioner of Social Welfare of the respective district

Beneficiary:

As mentioned above

Benefits:

As mentioned above