The "Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Scheme by the Department of Industries and Commerce, Union Territory of Puducherry, aims to incentivize entrepreneurs to establish new coir industries or revitalise existing ones. Eligible units must be set up in the Union Territory of Puducherry. The scheme provides margin money upon receipt of a financial institution's sanction order for a project.
DETAILS The "Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Scheme by the Department of Industries and Commerce, Union Territory of Puducherry, aims to incentivize entrepreneurs to establish new coir industries or revitalise existing ones. Eligible units must be set up in the Union Territory of Puducherry. The scheme provides margin money upon receipt of a financial institution's sanction order for a project. BENEFITS 25% margin money, capped at ₹25,00,000, upon receipt of a financial institution's sanction order for a project worth ₹1,00,00,000. The loan amount will be released to the bank on behalf of the entrepreneurs. The commercial production should commence within six months of the Margin Money Grant release. ELIGIBILITY The coir unit must be established in Puducherry.
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We don’t hold the step-by-step process for "Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Schemeyet. The department’s own notification is the authority until we do — we would rather say that than invent a plausible sequence.
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