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Dattopant Thengadi Artisan Interest Subsidy Scheme

StateCash

At a Glance

Scheme Category

Business & Entrepreneurship,Setting up / start-up / entrepreneurship,Credit Linked Subsidy,Machine & skill up-Gradation,Micro finance,Loan

Target Beneficiaries

Individual

Brief Description

The scheme aims to provide financial assistance and low-interest capital to Handloom & Handicraft artisans for business development. It offers loans up to ₹1,00,000/-, along with Margin Money Subsidy (20-25%) and a 7% Interest Subsidy, benefiting registered artisans of Cottage industries in Gujarat.

Benefit Type

Cash

Eligibility Criteria

General Eligibility - The applicant must be more than 18 years of age. - The applicant must have an Identity card issued by the Development Commissioner Handloom/Handicraft/Indext-C. - The applicant must have skills in Handloom or Handicraft art. - The applicant must be registered as an artisan in urban as well as rural areas of the State with the Indext-C of the Cottage and Rural Industries Department. Relaxation/Inclusions - The applicant may be a Physically Handicapped or Blind Artisan, who can also avail the benefits of this scheme. - The applicant may hold a Provisional Certificate as an artisan issued by the General Manager, District Industries Centre, if they do not possess an Identity Card from the Development Commissioner.

Application Mode

Offline

Application Process

Step 1: The applicant must take print of the <nis:link nis:type=webUrl nis:id=slugId nis:text="prescribed application form" nis:value=https://cottage.gujarat.gov.in/FileExplorer/DTAISY.pdf nis:enabled=true/> from the official website of the Commissioner of Cottage & Rural Industries. Step 2: The applicant must fill in all required details completely and accurately in two copies of the application form. This includes, but is not limited to, personal details, business details, and financial requirements. Step 3: The applicant must affix two passport size photographs on both copies of the application form. The applicant must arrange all required documents and enclose their certified copies with the application. Step 4: The applicant must submit the completed application form, along with all certified supporting documents (in two copies), to the <nis:link nis:type=webUrl nis:id=slugId nis:text="District Industries Centre" nis:value=https://www.cottage.gujarat.gov.in/Home-2140795B5D2D-282472282472-2824725B5D2D nis:enabled=true/> of the concerned district. Post Application Processes Step 1: Upon successful application, financial institutions, including Nationalized Banks, Regional Rural Banks, Co-operative Banks, Public Sector Banks, and Private Banks, will sanction the loan as per their norms and disburse the total amount. Loan instalments will become effective after disbursement, as fixed by the Bank. Step 2: The Bank will submit subsidy claims (Margin Money Subsidy and Interest Subsidy) to the Commissioner, Cottage and Rural Industries, or District Industries Centre. Step 3: Upon receipt of the subsidy claim from the Bank, the Margin Money Subsidy (one-time after loan disbursement) and Interest Subsidy (half-yearly) will be credited directly to the beneficiary’s bank account. The bank will certify that the artisan pays regular instalments and is not a defaulter for the subsidy to be disbursed. The bank will also certify that the loan amount has been used for the intended purpose, such as purchasing machinery/raw materials, after verifying the site.

Required Documents

  • For Application Submission
  • - Two Passport Size Photographs (to be affixed on both copies of the application form).
  • - Certified Copy of Election Card / Aadhaar Card.
  • - Certified Copy of Artisan Identity Card (issued by Development Commissioner Handloom/Handicraft/Indext-C) / Provisional Certificate (issued by General Manager, District Industries Centre).
  • - Birth Certificate / School Leaving Certificate.
  • - Quotation With TIN/VAT Number Of The Equipment’s-Tools To Be Purchased.
  • - Proof Of Location Of The Proposed Business (Rent Slip/Rent Agreement, House Tax Receipt, etc.).
  • - Proof / Authority Letter If Electricity Is To Be Used (if electricity is to be used).
  • - Certified Copy of Ration Card.
  • For Subsidy Claim and Disbursement
  • - Artisan Loan Account Number.
  • - Branch's IFSC Code.
  • - Branch's TAN Number.
  • - Bank Account Number.
  • - Aadhaar Number.
  • - Certification from Financial Institution ( Annexure - A ).
  • - Subsidy Claim Form ( Annexure - B ).
  • - Margin Money Subsidy Claim Form.

FAQs

What is the minimum age an applicant must be to qualify for this financial assistance scheme?

An applicant must be more than 18 years of age to be eligible for the scheme.

Is it mandatory for an applicant to possess a specific identity card issued by the Development Commissioner Handloom, Handicraft, or Indext-C?

Yes, possession of an Identity Card issued by the Development Commissioner Handloom, Handicraft, or Indext-C is required.

If an applicant does not have the primary identity card mentioned, can a Provisional Certificate be submitted instead?

Yes, a Provisional Certificate issued by the General Manager, District Industries Centre, is acceptable as an alternative.

What particular artistic skills are necessary for an applicant to fulfill the eligibility requirements of this scheme?

Applicants must possess skills specifically in Handloom or Handicraft art to be eligible.

Are individuals with a physically handicapped or blind status permitted to apply for and receive benefits under this scheme?

Yes, Physically Handicapped or Blind Artisans are specifically eligible to avail themselves of the scheme's benefits.

Is an applicant's current income level or financial background considered when determining their eligibility for this interest subsidy?

No, there are no specific income criteria that applicants must meet to qualify for this scheme.

Is it a mandatory prerequisite for all applicants to be officially registered as artisans to access this financial support scheme?

Yes, it is mandatory for all applicants to be registered as artisans to be eligible for the financial assistance.

Does it matter whether an applicant's artisan registration is located in an urban area or a rural area within the State for eligibility purposes?

Artisans registered in both urban and rural areas of the State are equally eligible for this scheme.

With which specific governmental department must an applicant's artisan registration be held to satisfy the eligibility criteria?

Applicants must be registered as artisans with the Indext-C of the Cottage and Rural Industries Department.

Is this financial assistance scheme exclusively designed for individuals identified as 'workmen' within the artisan community?

Yes, this financial assistance program is specifically designed for workmen who are officially registered as artisans.

Is it a condition for eligibility that an applicant's artistic endeavors are associated with a specific industry, such as cottage industries?

Yes, the scheme primarily targets artisans involved in Handloom and Handicraft activities within Cottage industries.

Must the financial assistance be sought specifically for the purpose of developing an existing or new business?

Yes, financial assistance is provided for purchasing raw materials, equipment, tools, and machinery for developing either existing or new businesses.

Is it required for an applicant to be an artisan operating within the state of Gujarat to be eligible for this scheme?

Yes, the scheme is specifically for artisans operating in urban as well as rural areas of the State of Gujarat.

Must the financial assistance specifically be intended for the purchase of raw materials for the business?

Yes, the scheme provides financial assistance for purposes including the purchase of raw materials for business development.

Dattopant Thengadi Artisan Interest Subsidy Scheme | Gujarat | Public App