GMMACL-DC
What this is
The scheme "Grant of Margin Money for Availing Capital Loan" aims to incentivize entrepreneurs to establish new coir industries & revitalise existing ones. The units must be set up in Puducherry. The scheme provides margin money upon receipt of a financial institution's sanction order for a project.
In detail
The "Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Scheme by the Department of Industries and Commerce, Union Territory of Puducherry, aims to incentivize entrepreneurs to establish new coir industries or revitalise existing ones. Eligible units must be set up in the Union Territory of Puducherry. The scheme provides margin money upon receipt of a financial institution's sanction order for a project.
Who qualifies
The coir unit must be established in Puducherry.
What you get
- 25% margin money, capped at ₹25,00,000, upon receipt of a financial institution's sanction order for a project worth ₹1,00,00,000.
- The loan amount will be released to the bank on behalf of the entrepreneurs.
- The commercial production should commence within six months of the Margin Money Grant release.
not about the scheme.
Provenance
| schemeName | "Grant of Margin Money for Availing Capital Loan" Component of the "Development of Coir" Scheme | myScheme · 2026-09-02 |
| schemeOpenDate | ... | not published at source |
| schemeCloseDate | ... | not published at source |
| nodalMinistryName | ... | myScheme · 2026-09-02 |
| dbtScheme | False | myScheme · 2026-09-02 |
| achievement data | ... | no source publishes this for any central scheme |