Grant of Margin Money for Availing the Capital Loan (Development of Silk Scheme)
Pays 25% margin money toward a bank loan for new silk weaving units in Puducherry.
The Grant of Margin Money for Availing the Capital Loan (Development of Silk Scheme) is run by the Department of Industries and Commerce, Union Territory of Puducherry, to cover the margin-money portion of a bank loan for individual entrepreneurs setting up new silk weaving units in Puducherry. The applicant first needs a loan already sanctioned by a bank or financial institution before applying, …
The scheme targets individual entrepreneurs setting up new silk weaving units within Puducherry. It only covers the margin-money portion of a term or working capital loan the entrepreneur takes from a bank or financial institution, not general R&D or other business costs.
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