Dattopant Thengadi Artisan Interest Subsidy Scheme

What is Dattopant Thengadi Artisan Interest Subsidy Scheme?

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

**Financial Assistance** - A maximum credit limit of ₹1,00,000/- is available for machinery or working capital (raw materials) or both. - Intended Use: This financial assistance is provided to purchase raw materials, equipment, tools, and machinery for the development of existing or new businesses. **Margin Money Subsidy** - 20% of the loan amount for General Category (Male) beneficiaries. - 25% of the loan amount for Reserved Category (Scheduled Castes/Scheduled Tribes), Women, and blind or handicapped beneficiaries with 40% or more disability. - Disbursement: The subsidy is available after the disbursement of the loan and is credited to the beneficiary's Bank Account. - Validity: The Margin Money Subsidy is available on a maximum loan of up to ₹1,00,000/- during a period of three years. **Interest Subsidy** - An interest subsidy is available at the rate of 7%. - Disbursement: The subsidy is credited to the beneficiary's account on a half-yearly basis. - Conditions for Disbursement: The subsidy is credited after the receipt of the subsidy claim from the bank. Penal interest or other charges must not be included in the claim. - Validity: The subsidy is available for a maximum period of three years. **Conditions for Continuation:** Further benefit under this scheme can be extended for a maximum of three times with the same conditions, upon the recommendation of the Bank, to beneficiaries who regularly pay the instalments as fixed by the Bank. **Mode of Disbursement for all Sub

Level

State — Gujarat

Ministry / Dept.

Industries and Mines Department

Benefit type

cash

Key eligibility

**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

Last verified

Recently

Benefits

**Financial Assistance** - A maximum credit limit of ₹1,00,000/- is available for machinery or working capital (raw materials) or both. - Intended Use: This financial assistance is provided to purchase raw materials, equipment, tools, and machinery for the development of existing or new businesses. **Margin Money Subsidy** - 20% of the loan amount for General Category (Male) beneficiaries. - 25% of the loan amount for Reserved Category (Scheduled Castes/Scheduled Tribes), Women, and blind or handicapped beneficiaries with 40% or more disability. - Disbursement: The subsidy is available after the disbursement of the loan and is credited to the beneficiary's Bank Account. - Validity: The Margin Money Subsidy is available on a maximum loan of up to ₹1,00,000/- during a period of three years. **Interest Subsidy** - An interest subsidy is available at the rate of 7%. - Disbursement: The subsidy is credited to the beneficiary's account on a half-yearly basis. - Conditions for Disbursement: The subsidy is credited after the receipt of the subsidy claim from the bank. Penal interest or other charges must not be included in the claim. - Validity: The subsidy is available for a maximum period of three years. **Conditions for Continuation:** Further benefit under this scheme can be extended for a maximum of three times with the same conditions, upon the recommendation of the Bank, to beneficiaries who regularly pay the instalments as fixed by the Bank. **Mode of Disbursement for all Sub

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   Step 1: The applicant must take print of the prescribed application form from the official website of the Commissioner of Cottage & Rural Industries.

2. Step 2: Offline application — step 2

   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.

3. Step 3: Offline application — step 3

   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.

4. Step 4: Offline application — step 4

   Step 4: The applicant must submit the completed application form, along with all certified supporting documents (in two copies), to the District Industries Centre of the concerned district.

5. Step 5: Offline application — step 6

   Post Application Processes

6. Step 6: Offline application — step 7

   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.

7. Step 7: Offline application — step 8

   Loan instalments will become effective after disbursement, as fixed by the Bank.

8. Step 8: Offline application — step 9

   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.

9. Step 9: Offline application — step 10

   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.

10. Step 10: Offline application — step 12

    *The bank will certify that the artisan pays regular instalments and is not a defaulter for the subsidy to be disbursed.

11. Step 11: Offline application — step 13

    *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.

Sources & References

• Official scheme website ↗
• Source record ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.