Hathras: District establishment under a product funding program – Hathras: A district funding program for a product has started

Hathras
SC Garg, deputy commissioner of the District Industries and Entrepreneurship Promotion Center, said the government had put in place a funding program for a District One product (asafetida and ready-made clothing). As part of this application, applicants wishing to take out a loan can upload their application along with all attachments in the prescribed format to the website www.gov.in.
He stated that the applicant should be at least 18 years old, indicating the state of the system. There is no compulsory educational qualification. As part of the program, financing options in industry, services and business are only made available to selected units of asafetida production in one district and one product in the respective district. The applicant or industrial entity should not be a debtor of a nationalized bank / financial institution / government entity, etc. The applicant should not have previously taken advantage of any other self-employment program run by the Government of India or the Government of Uttar Pradesh. The applicant or a family member receives only one benefit under the system.
The applicant must submit an affidavit stating that the conditions of participation have been met. For the benefit of the beneficiaries of the special category, the planned caste, the planned tribe, other backward classes, minorities, women and people with disabilities, a certified copy of the certificates issued by the competent authority must be attached to the application. For units with a total project cost of up to 25 lakhs under the program, a maximum of 6.25 lakhs, 25 percent of the total project cost, whichever is lower, will be paid as margin money.
For units with a total project cost of more than Rs 25 lakh and up to Rs 50 lakh, the amount is paid as margin money of Rs 6.25 lakh or 20 percent of the project cost, whichever is greater. It is paid as margin money for units with total project costs greater than Rs 50 lakh and up to Rs 150 lakh, whichever is less than Rs 10 lakh or 10 percent of the project cost. For units with a total project cost of more than Rs 150, 10 percent of the project cost up to a maximum of Rs 20 lakh, whichever is lower, is paid as margin money.

Hathras

SC Garg, deputy commissioner of the District Industries and Entrepreneurship Promotion Center, said the government had put in place a funding program for a District One product (asafetida and ready-made clothing). As part of this application, applicants wishing to take out a loan can upload their application along with all attachments in the prescribed format to the website www.gov.in.

He stated that the applicant should be at least 18 years old, indicating the state of the system. There is no compulsory educational qualification. As part of the program, financing options in industry, services and business are only made available to selected units of asafetida production in one district and one product in the respective district. The applicant or industrial entity should not be a debtor of a nationalized bank / financial institution / government entity, etc. The applicant should not have previously taken advantage of any other self-employment program run by the Government of India or the Government of Uttar Pradesh. The applicant or a family member receives only one benefit under the system.

The applicant must submit an affidavit stating that the conditions of participation have been met. For the benefit of the beneficiaries of the special category, the planned caste, the planned tribe, other backward classes, minorities, women and people with disabilities, a certified copy of the certificates issued by the competent authority must be attached to the application. For units with a total project cost of up to 25 lakhs under the program, a maximum of 6.25 lakhs, 25 percent of the total project cost, whichever is lower, will be paid as margin money.

For units with a total project cost of more than Rs 25 lakh and up to Rs 50 lakh, the amount is paid as margin money of Rs 6.25 lakh or 20 percent of the project cost, whichever is greater. It is paid as margin money for units with total project costs greater than Rs 50 lakh and up to Rs 150 lakh, whichever is less than Rs 10 lakh or 10 percent of the project cost. For units with a total project cost of more than Rs 150, 10 percent of the project cost up to a maximum of Rs 20 lakh, whichever is lower, is paid as margin money.

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( News Source – Amar Ujala )

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