DIC BANKABLE SCHEME:

Implementing agency – District Industries Centre (DIC)

1.Year of commencement Since – 1977
2.Objective Assistance to village & cottage industries to generate employment opportunities for unemployed youth/people.
3.Area of Operation In all area of Gujarat
4.Agency District Industries Centre / TDO for rural areas up to loans for Rs. 50000/-
5.Age Group 18 to 55 Years
6.Family Income No Income criteria
7.Education Minimum 4th Std. pass or Three months training from private institute or Govt. institute or one year experience for the business/Artisan.
8.Subsidy From 02/8/2014

AREA                   ST        SC        other
Rural                  40%       40%       25%
city                   30%       25%       20%

Maximum Subsidy Ceiling
1. Industries – Rs. 60000/-
2. Services  –  Rs.30000/-
3. Business  –  Rs.20000/-

Handicapped will get maximum subsidy in each sector Rs. 60000/-

A. Handicapped  Below 40%
AREA                     Subsidy
RURAL                     40%
City                     30%

B. Handicapped  40%  &above
 Subsidy
Rural-50%
City–40%
9.Repayment 3 to 5 years with grace period wherever require
10.Remark Up to Rs.30000/- no Guarantor. In case of assets sold/ misutilised / closed activity within three years, entire loan amount and subsidy with interest can be recovered under State Revenue Acts.

There are 385 activities in 17 sectors covered under bankable profiles. Only working capital finance will not be eligible for subsidy.

Retrofitting of CNG/LPG kits in Auto Riksha included in the profile.
11. Loan Business: Rs.300000/-,

Industry Rs.800000/-, Service 600000/- & Trading 300000/-