Guideline

• Guideline - The objective of the scheme should be as per the para1.1 of the guideline
• Financial Assistance – After the objective of the scheme the financial Assistance should come and the wording should be as per the Para 3.0 of the guideline.
• Eligible criteria - Eligible criteria should be as per para 4 a, b, c, of the guideline
• Pre –requisite – The prerequisite conditions as per para 5 (a) to (v ) including sub clause should appear on the screen.

File return

• Monthly statistical Return (MSR – B) and Annual Statistical Return (ASR) should be linked from the website www.txcindia.gov.in under the subheading Textile statistical Returns.

Objectives

• To provide interest free corpus fund to Special Purpose Vehicle (SPV) / Consortium to enable them to purchase yarn at wholesale rate and give the yarn at reasonable price to the small weavers.
• To avoid middle man/ local supplier’s brokerage charge on sales of yarn.

Eligibility Beneficiaries

• Registered Co-operative Society.
• Trust.
• Company set-up under the Companies Act, 1956 as amended.
• Firm set-up under the Limited Liability Partnership Act, 2008 as amended.

Eligibility

• Minimum 11 members required to form Special Purpose Vehicle (SPV).
• The Members of SPV should be Powerloom Weavers, Master Weavers, Co-operative Societies, Private Entrepreneurs, NGO’s working for Powerloom Sector.
• SPV has to provide Bank Guarantee to the extent of 25% of Govt. of India share.
• SPV shall arrange their own fund equal to Government contribution.
• SPV shall rotate the corpus fund including their contribution at least 4 - 5 times in a year.

Financial Assistance

• Government shall provide interest free corpus fund of maximum Rs 200 Lakh per yarn bank to SPV/Consortium.