Objectives

• To provide financial assistance viz. Margin Money Subsidy and interest reimbursement as against the credit facility (term loan) availed under Pradhan Mantri Mudra Yojana (PMMY) to the decentralized powerloom units / weavers.
• Margin Money Subsidy as against the credit facility (term loan) availed under Stand-up India scheme by the SC, ST & Women Entrepreneur of the decentralized powerloom units / weavers to meet their credit requirements such as for investment needs (Term Loan) and for working capital etc.

PMMY - Eligibility Beneficiaries

• Existing individual powerloom units (or) New individual / group enterprises involved in weaving activity.

PMMY - Financial Assistance

• Existing individual powerloom units (or) New individual / group enterprises involved in weaving activity.

STAND UP INDIA - Eligibility Beneficiaries

• Only new powerloom units established by a person who belongs to Scheduled Caste (SC) or Scheduled Tribe (ST) or Woman Entrepreneur.
• In case of non-individual units at least 51 % of the share holding and controlling stake should be held by either a SC (or) ST (or) Women Entrepreneur.

STAND UP INDIA - Financial Assistance

• 25% Margin Money Subsidy upto a project cost of Rs1.00 Crore with a ceiling of Rs 25 Lakh, the borrower is required to bring in 10% of the Project Cost as his / her own contribution.