Khadi Vikash Fund

The Khadi Vikash Fund is a new initiative under the Rajasthan Khadi and Gram Udhyog Board aimed at supporting small and medium enterprises in the khadi sector. The fund provides financial assistance for purchasing raw materials such as cotton and wool, and for modernizing production equipment. A revolving fund of ₹3.00 crores has been allocated to facilitate these purchases. To access the raw materials, institutions must deposit 35% of the amount in cash and provide post-dated checks for the remaining 65% within six months. The fund also offers interest-free working capital loans to help institutions pay for raw materials and wages for workers. The application process requires submission of a specific form along with a non-judicial stamp and a declaration. The loan must be used solely for production-related expenses, and strict guidelines are in place to ensure compliance.

• Financial assistance for purchasing raw materials
• Interest-free working capital loans
• Support for modernizing production equipment
• Encouragement for production and employment generation

Institutions and cooperatives involved in khadi production can apply. They must meet specific criteria regarding financial stability and compliance with previous loan agreements.

Institutions that have previously defaulted on loans or have not submitted required undertakings are not eligible. Additionally, those who have sold fixed assets without prior approval from the board will also be excluded.

Online

1. Fill out the application form provided by the board.
2. Submit the application along with a ₹30 non-judicial stamp and a declaration.
3. Provide post-dated checks for the loan amount as required.
4. Ensure compliance with all guidelines and submit monthly progress reports to the board.