Schemes

Overview

The objective of the scheme is to encourage unemployed person to take up self-employment ventures through industry, service and business, by providing soft loans to meet part of the margin money to avail institutional finance.

Scope of the scheme:

As per Govt. G.R. dated 18 May 2007, the Govt. of Maharashtra has made the following changes in the earlier Seed Money Scheme:

• Projects cost increased from ₹ 10 lakhs to ₹ 25 lakhs for industry, service and business activity
• Seed Money assistance at 15 per cent of the project cost approved by financial institutions is offered. In case of projects up to ₹ 10 lakhs, the quantum of assistance is 20% for SC/ST/OBC/NT/VT/Handicapped
• Seed Money component up to ₹ 3.75 lakhs maximum
• Bank loan 75% of the project cost
• The rate of interest on seed money is 6% per annum and if the borrower repays instalment regularly and within schedule time, then the borrower will get rebate of 3% in interest. So he has to pay only 3% interest. Hence for regular repayment interest of 3% per annum
• If the instalment is not repaid in time, it will attract 1% penal interest

The repayment of loan starts after three years in four yearly instalments. However, for vehicle cases repayment starts after six months of loan ailment.

Overview

The objective of the scheme is to generate employment opportunities including self-employment to tiny units located in towns and rural areas having population of less than 1 lakh (According to census 2011) and with investment in plant & machinery below ₹ 2 lakhs. Such identified tiny units falling within the purview of the Small-Scale Industries Board and Village Industries, handicrafts, handlooms, Silk & Coir Industries are covered for financial assistance in the form of margin/seed money under the Scheme.

In case of entrepreneur belonging to general category, the extent of Margin Money assistance is 20% of the total investment or ₹ 40,000/- whichever is less. Similarly in case of entrepreneur’s belonging to scheduled caste & scheduled tribe Margin Money assistance of upto 30% of the total fixed capital investment or upto maximum of ₹ 60,000/- whichever is less is provided.

There is a provision of levying interest on this loan @ of 4% p.a. and 1% penal interest in case of default in repayment schedule. Repayment of the margin money assistance is to be done within 4 years with an initial moratorium of six months. This scheme is particularly useful for rural artisans.

Overview

This scheme was introduced with the objective of training the educated unemployed persons to take up self-employment ventures or skilled wage employment. Entrepreneurs are given guidance related to industry/service/business activities & skill upgradation. Entrepreneurs are also guided in respect of choice of activity, necessities of land, project report, obtaining various no objection certificates, licences, etc., marketing strategy, etc. It is necessary that the Entrepreneur undergoes entrepreneurship development training programme which is imparted by MCED, MITCON & other NGOs approved by Directorate of Industries.

Following training programmes are organized-

o Entrepreneurship Introductory Programme (Udyojakata Parichay karyakram) of 1 day – Non-Residential

In this programme guidance and inputs on selection of activity, Entrepreneurship Personality Development, business management, information about various Government agencies and agencies providing financial assistance in the form of loan, etc. is imparted. Total expenses per programme are limited to ₹ 600/- per trainee.

o Entrepreneurship Development Training Programme (12 days Residential)

This programme comprises of 12 days residential training programme, which includes food expenses. Candidates identified and selected in Entrepreneurship Introductory Programme are given widespread information on Entrepreneurship Development. The institute imparting the training is given a grant of ₹ 4000/- per trainee.

o Technical Training Programme (15 days to 2 months Non-Residential)

This training programme comprise of information on latest and enhanced technical knowledge related to Production and Service. Trainees are given a stipend of ₹ 500/- after completion of the 15 days, ₹ 1000/- for 1 month and ₹ 2,000/- for 2 months of training programme. The training institute is given a grant of ₹ 3000/- per trainee.

Overview

In order to encourage entrepreneurs establishing small scale ventures and also to acknowledge them for their success and achievements, the State Government has started honouring such entrepreneurs with District Award Scheme at the district level. Proprietors / Partners / Directors of enterprises who have obtained EM registration with the concerned District Industries Centre at least three years earlier and in production for continuous two years are eligible for the award. The entrepreneur is selected by the District Advisory Committee at the district level. The factors and parameter upon which the entrepreneurs are selected for the award are pace of development, indigenousness, self-reliance, use of technology, location of the unit, quality control, export market, management, etc. Extra marks are awarded to select entrepreneurs from scheduled caste / scheduled tribe category. First award ₹ 15000/- and mementoes and second award ₹ 10000/- and mementoes.