Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan

The scheme "Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan" was introduced by the Department of Social Justice & Special Assistance, Government of Maharashtra. The scheme aims to promote the development of spinning mills owned by scheduled caste members by providing funding in the form of a loan that covers 50% of the project cost.

A loan covering 50% of the project cost.

1. The spinning mill must collect a minimum of ₹80,00,000/- or at least 5% of the project cost as member shares.
2. The project submitted by the spinning mill must be enumerated by recognized financial institutions/banks, which will also check the project report.

Recognized Institutions for Enumeration

1. Maharashtra Industrial & Technical Consultancy Organization Ltd. (MITCON), Pune.
2. Agriculture Financial Corporation, Mumbai.
3. Dattajirao Technical Institute, Ichalkaranji.

NOTE 1: Ensure that all financial contributions and project details are documented and verifiable.

NOTE 2: The spinning mill should engage with recognized institutions early in the project planning phase to facilitate a smooth enumeration process.

NOTE 3: Proper financial management is essential to meet the project cost and member share requirements.

Offline

Step 1: The interested applicant should visit (during office hours) the Textile Department, Government of Maharashtra and request a hard copy of the prescribed format of the application form from the concerned authority.
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: Submit the duly filled and signed application form along with the documents, within the prescribed period (if any), to the Textile Department.
Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Step 5: After approval and sanction of share capital, proceed to submit the application to the Assistant Commissioner, District Social Welfare Office, where the Social Welfare Department will sanction the loan.
NOTE: Ensure that the application is submitted within the prescribed period, if any.