Uttar Pradesh Khadi & Village Industries Board

Government of Uttar Pradesh

CM Village Industries Employment Schemes

7. Quantom Of Loan

Under the scheme in first phase the eligible beneficiary will get interest subsidy for the loan upto Rs.10.00 lakhs for Term Loan/Working Capital. Self contribution of the Bank Loan for general category will be 10% and for SC/ST/Women/PH/OBC/Ex-serviceman 5% of the total project cost.

8. Margin Money/Security And Guarantee

Margin money/Security and guarantee will be taken as according to the guidelines issued by Reserve Band Of India time to time.Up to Rs. 5.00 lacs loan gurantee is exempted by the Reserve Bank of India.

9. Refinance

Under the scheme refinance will be made available by SIDBI/NABARD.

10. Payment Of Interest Subsidy Claims

After sanction of the loan, District Village Industry Officer will issue Interest Subsidy eligibility certificate and will renew it on a prescribed format [Annexure-A]

11. Payment Of Interest Subsidy Claims

This scheme is being sponsored by U.P. Govt., for which a provision will be made in Distt. Plan for the year 1994-95 under the Code No. 2851-40100 and the head will be continued code no. for the successive years. Lateron available money under the prescribed code will be kept in any branch of SBI/Sponsor Bank/Major implementing Banks and these accounts will be operated by Khadi & Village Industries

Officer/Manager, (Gramodyog.) The concerning branch will file KVIB & DVIO will make payment after scrutiny to the branch through cheque/Draft. DVIO will prepare full particulars unitwise/Industrywise in a register a will supply the same to U.P. Khadi Village Industry Board had office every month and it will be monitored by Bank finance Section of KVIB. That will be followed b

  1. District Village Industry Officer will place demand for 1/10 part of total bank loan as allotted in District Credit Plan.

    NOTE:- It is also necessary to clarify that the amount so demanded under District Credit Plan will also include the amount eligible for last year’s working units as will as for current year

  2. The amount so allotted in District Credit Plan will be drawn by CDO & will be made available to DVIO/Manager, Village Industry who will deposit the same according to para 11- under the head “Mukhya Mantri Gramodyog Rojgaar Yojna” Intrest subsidy amount for year by opening an account in the bank.
  3. 3- when the Branch Manager will claim the amount, payment will be made through cheque of draft by DVIO to the concerned bank branches and will record these entries in a register and the full details will be sent to the head office monthly.

12. Related Industry

In this scheme, industries as identified time to time by KVIC. Mumbai/Commissioner, Khadi & Village Industsries, Govt. of India and projects pertaining to service actvities opprated by NABARD according to local availability will be taken for financing with the cast up to Rs. 10.00 lakhs. At present list of identified industries/Service activities is encloseds to annexure ‘D’.