Govt ask KVIC to ensure fast disbursement of subsidy
Press Trust of India / New Delhi Aug 20, 2009, 14:35 IST
The government today asked the Khadi and Village Industries Commission (KVIC) to ensure an early disbursement of Rs 400 crore subsidy under an employment guarantee scheme for 2008-09 pending with the banks.
Minister of State (Independent Charge) Micro, Small and Medium Enterprises Dinsha Patel said there was a delay in disbursing the subsidy under the Prime Minister Employment Guarantee Programme (PMEGP) due to a large number of applications as the scrutiny of the same took time.
"I would request KVIC to coordinate with... Nodal branches of banks, senior officers of financial institutions to ensure that the amount available which is yet to be spent, reaches the beneficiaries immediately," he said at a meeting of the National Khadi and Village Industries Board here.
In 2008-09, banks had approved 36,287 projects under PMEGP while the KVIC has set a target of 61,697 projects for the current fiscal.
Patel also said the government was considering a Market Development Assistance Scheme to replace the existing rebate scheme.
"Under this scheme, it is proposed to provide assistance to institutions at the rate of 20 per cent of production cost of cotton khadi, silk khadi, woolen khadi and polyvastra," he said.
Respected sir, i already taken a loan for copra processing unit in calicut district, balussery village, (clssi 12/2003)from gramin bank kokkalur branch Balussery. I pay all the loan amount. But till i cant get the subsidy from KVIC. Now i want the documents very urgent. Bank manager told me that they want your permission.so i request you to check my acount and do needful.
hello sir/madam
hello, myself is sahil from mysore karnataka... recently i saw an advertisement in bangalore mirror news paper abt the loan scheme issued by kvic for unemployment with an 30% subsidy,, this is wat the statement given by soma group of finance in behalf of kvic... i just want to know is that true or not....
thank you...
Sir/mam, we are planning to start an NGO in which we would like to educate slum children. to create little more interest to the scheme, we would like to teach them to make puppets, masks and also drama and music. I need to know whether there is a plan under this scheme. And how should I go about
Sir, I am Mr. sridhara rao planning to start a new project on paper in my area AP, vijayawada. The project cost is 1 crore rupees. I contact my bank manager, Andhra Bank in my village. he is ready to provide loan for my project. So, kindly please tell me details of the loan and subsidy. We are awaiting for ur reply. Thank you.
Posted by: samadhan
April 04 , 2010, 23:33 IST
Sir,I want to start a new project on cotton ginning and pressing industry.I live in small village.I contact to my central bank manager.He is ready to give me loan about 1 crore.My project cost is about 1 crore.So sir,please tell me details of KVIC's loan scimes and subsidy.Please help me immediately and tell about subsidy also.I am waiting for ur reply.Thanks.....
ASHOK HARKUT
Sir, I am starting a new project of MNERALS production in my village. the project cost is 33 lac. the branch manager of ORIENTIAL BANK OF COMMERCE BEAWAR DIST AJMER (RAJSTHAN) is agree to provide loan. plez tell me how i will get subsidy FROM KVIC WITH IN ONE MONTH .
Sir,
I am starting a new project of milk food production in my village.
the project cost is 33 lack. the branch manager of syndicate bank naripura agra(up) is agree to provide loan. plez tell me how i will get subsidy.
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