About this banking scheme
The scheme "Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan" was introduced by the Department of Social Justice & Special Assistance, Government of Maharashtra. The scheme aims to promote the development of spinning mills owned by scheduled caste members.
The scheme "Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan" was introduced by the Department of Social Justice & Special Assistance, Government of Maharashtra. The scheme aims to promote the development of spinning mills owned by scheduled caste members by providing funding in the form of a loan that covers 50% of the project cost.
Benefits at a glance
| Scheme name | Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan (LTLTSCOSMUSCP) |
|---|---|
| Launched by | Social Justice and Special Assistance Department |
| Benefit type | Cash (money paid to your bank account) |
| Category | Banking |
| Level / State | State · Maharashtra |
| Official portal | mahatextile.maharashtra.gov.in (link at the end of this page) |
Key facts
| Scheme for | Infra |
|---|---|
| Application mode | Offline |
| Last date | Not given in the official listing |
| DBT (direct bank transfer) | No |
| Age | 18 to 80 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 18 to 80 years
- 🏷️SC
- 📝Offline
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
A loan covering 50% of the project cost.
Who qualifies
- The spinning mill must collect a minimum of Rs. 80,00,000/- or at least 5% of the project cost as member shares.
- The project submitted by the spinning mill must be enumerated by recognized financial institutions/banks, which will also check the project report.
Recognized Institutions for Enumeration
- Maharashtra Industrial & Technical Consultancy Organization Ltd. (MITCON), Pune.
- Agriculture Financial Corporation, Mumbai.
- Dattajirao Technical Institute, Ichalkaranji.
NOTE 1: Ensure that all financial contributions and project details are documented and verifiable.
NOTE 2: The spinning mill should engage with recognized institutions early in the project planning phase to facilitate a smooth enumeration process.
NOTE 3: Proper financial management is essential to meet the project cost and member share requirements.
Papers to keep ready
0/6 documents ready
Tap a document to mark it as ready. Progress is saved on this device.
Registration walkthrough
Offline
Step 1: The interested applicant should visit (during office hours) the Textile Department, Government of Maharashtra and request a hard copy of the prescribed format of the application form from the concerned authority.
Step 2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required).
Step 3: Submit the duly filled and signed application form along with the documents, within the prescribed period (if any), to the Textile Department.
Step 4: Request a receipt or acknowledgement from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, and a unique identification number (if applicable).
Step 5: After approval and sanction of share capital, proceed to submit the application to the Assistant Commissioner, District Social Welfare Office, where the Social Welfare Department will sanction the loan.
NOTE: Ensure that the application is submitted within the prescribed period, if any.
Frequently asked questions
What is the objective of the scheme?
To promote spinning mills owned by scheduled caste members.
Who is eligible to apply?
Scheduled caste cooperative spinning mills.
What percentage of the project cost is funded?
The scheme provides 50% of the project cost as a loan.
How much must members contribute?
Members must collect a minimum of Rs. 80 lakhs or at least 5% of the project cost.
What is the enumeration fee?
The fee is Rs. 2.50 lakhs, to be borne by the spinning mill.
Where do I submit the application?
Submit the application first to the Textile Department, then to the Assistant Commissioner, Social Welfare District Office.
What documents are required for the application?
Completed application form, photographs, financial statements, project report, and self-attested documents.
How do I obtain the application form?
Visit the Textile Department to request a hard copy of the application form.
What happens after my application is approved?
You will need to submit the application to the Social Welfare Department for loan sanctioning.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines sjsa.maharashtra.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
The details on this page are from the official listing and have not been rewritten or reviewed by our team yet. Confirm them on the official portal before applying.
Explore more
