Long Term-Loan to SC Co-op Spinning Mills under Special Component Plan

A loan covering 50% of the project cost.

The spinning mill must collect a minimum of ₹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.

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.

Passport-sized photograph (signed across).

Recent financial statements of the spinning mill.

Detailed project report enumerated by a recognized financial institution.

Identity proof, address proof, and any other required documents, all self-attested.

Any prior approvals from the Textile Department.

Any other documents as specified by the concerned authority.