About this banking scheme
The Jute Raw Material Bank Scheme helps jute artisans and small units access raw jute materials at lower costs. Financial support includes 30% on sales value, up to Rs. 12,00,000 per year. Applications are ongoing and must be submitted offline.
The Jute Raw Material Bank Scheme aims to establish local banks for jute in different regions of India. It works with genuine agencies that have experience in handling jute products and have the necessary infrastructure.
This scheme provides easy access to raw jute materials for artisans, women self-help groups, and small manufacturers. It ensures they can buy materials at competitive prices, helping boost their production.
By sourcing directly from jute mills, the scheme supports local economies and promotes the use of jute in diverse applications. It plays a critical role in enhancing the jute supply chain.
Benefits at a glance
| Scheme name | Jute Raw Material Bank Scheme (JRMBS) |
|---|---|
| Launched by | Ministry Of Textiles |
| Benefit | The Jute Raw Material Bank Scheme helps jute artisans and small units access raw jute materials... |
| Benefit type | In kind (goods, services or support, not cash) |
| Category | Banking |
| Level / State | Central · All India |
| Official portal | jute.com (link at the end of this page) |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Scheme for | Infra |
| Application mode | Offline |
| Last date | Ongoing (no last date notified) |
| DBT (direct bank transfer) | No |
| DBT | No |
| Age | 18 to 70 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 70 years
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
जूट कच्चा बैंक योजना जूट कारीगरों और छोटी इकाइयों को कच्चे जूट सामग्री सस्ती दरों पर पहुँचाने में मदद करती है। वित्तीय सहायता में बिक्री मूल्य पर 30%, प्रति वर्ष Rs. 12,00,000 तक शामिल है। आवेदन प्रक्रिया चल रही है और ऑफलाइन करनी है।
The Jute Raw Material Bank Scheme helps jute artisans and small units access raw jute materials...
What you receive
- 30% financial support on sales value, up to Rs. 12,00,000 per year per JRMB
- 5% direct discount for beneficiaries on mill-gate prices
- 25% support for transportation and operational costs
- Additional freight subsidy of Rs. 1.50 per kg for JRMBs in hilly areas
- 100% reimbursement upon submission of valid documents
Financial support is paid quarterly after submitting necessary documents like invoices and GST returns.
Who qualifies
- Must be an Indian citizen aged between 18 and 70
- Agency must be a bonafide Indian agency with at least 3 years of relevant experience
- Must have the necessary infrastructure to run a Jute Raw Material Bank
- Must be engaged in trading and promotion of jute products
Who is not eligible
- No specific exclusions mentioned in the source.
Papers to keep ready
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Registration walkthrough
- Obtain the application form (Annexure-1).
- Fill out the application form completely.
- Gather all required documents.
- Submit the application in hard copy, in a sealed cover.
- Ensure all pages are signed by authorized persons from the agency.
To check the application or payment status, contact the relevant local authority or department where you submitted your application.
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Incomplete application forms can lead to rejection.
- Missing documents or insufficient proof of experience can cause delays.
- Not following the submission guidelines, such as not signing every page.
- Submitting outdated financial statements can lead to disqualification.
- Failure to provide accurate identification can result in rejection.
Frequently asked questions
What is the Jute Raw Material Bank Scheme?
It establishes local banks to supply raw jute material to beneficiaries at competitive prices.
Who can run a JRMB?
Bonafide Indian agencies like manufacturers, exporters, and cooperatives with at least 3 years of experience.
What financial support is provided?
The scheme offers 30% of annual sales value, capped at Rs. 12 lakh.
Is there extra support for hilly regions?
Yes, an additional Rs. 1.50/kg is provided for JRMBs in hilly areas.
How is the financial support disbursed?
Claims are processed quarterly after submitting required documents.
What raw materials can JRMBs supply?
They can supply jute fiber, yarns, and various jute products.
What infrastructure is needed to run a JRMB?
Agencies must provide a minimum of 200 sq. ft space and necessary office facilities.
What happens if I submit incorrect documents?
Incorrect documents can lead to application rejection or delays.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines jute.com
- Official Website jute.com
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
First draft prepared with editorial AI tools; every fact verified against the official notification and rewritten by our team.
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