Deen Dayal Upadhyaya Bunkar Yojana for Women Weavers – How to Apply

Published Date - 01 November 2017 02:30:30 Updated Date - 01 November 2017 02:38:06

The Arunachal Pradesh govt. is implemented the Deen Dayal Upadhyaya Bunkar Yojana in the state. Under the scheme, all the women weavers of the state can make easy access to affordable credit from banks for their working capital as per their requirements.

The state govt. of Arunachal Pradesh is executing the Deen Dayal Upadhyaya Bunkar Yojana for all the women weavers in the state. The primary objective of this scheme is to provide an easy access to an affordable loan facility through bank channel. All women wavers of the state will be eligible for the scheme who requires capital for their working purpose.

Under Deen Dayal Upadhyaya Bunkar Yojana, the women will get a loan only at 7% interest subvention. Subsequently, the benefits of this scheme is open to all women weavers whether a single woman weaver or a group of women weavers.

Although, the benefit of the scheme is applicable only to those women who have their own looms. The eligible and interested woman weaver can apply for this scheme through the official website itanagar.nic.in/scheme.html

Salient Features of Deen Dayal Upadhyaya Bunkar Yojana

Below given some features of the scheme:-

  • The state govt. will provide financial assistance of 7% interest subvention on short term credit / Cash Credit limit / Working capital limit / Weavers Credit Card / Swarojgar Credit card availed by the women weavers of the state.
  •  However, this scheme would only cover the loans taken from the Commercial and Regional Rural Banks on or after 1 April 2017. Moreover, these loans should be dispersed during the current financial year.
  • The Interest will be calculated on the amount of the short term loan from the date of spread upto the date of actual repayment or upto the date fixed by the banks (whichever is earlier), subject to a maximum period of 1 year.
  •  Deen Dayal Upadhyaya Bunkar Yojana is not applicable on the term loans.
  •  This scheme will cover all the women weavers with no limit on the unit size / number of    looms.
  •  Only the working capital loan of up to Rs 2 lakh is applicable for interest subvention.
  •  The target of the scheme is 3000 women weavers for the current financial year.

Deen Dayal Upadhyaya Bunkar Yojana Application Form

The complete steps to apply online has been specified below :-

  • Firstly, the interested women will have to visit the official website itanagar.nic.in or directly click on itanagar.nic.in
  • Now the women have to click on “To Download Form” link on the homepage or can directly click on Application Form.
  • Afterwards, an application form will appear as shown below :-
  • After the application form is downloaded, the women shall fill all the required information in the given application form.
  • Moreover, interested women weavers can also obtain the application form from the office of CO / EAC / BDO / SDO / ADC / DC.
  • After filling the application form, candidates have to submit the completed form to the circle officer.
  • The Circle Officer will inspect and certify that the applicants are in possession of working loom(s).
  • After the inspection, women can apply in any bank and can avail the benefits of loan from any bank.
  • This scheme is Only applicable to the individual women weaver or Group of Women Weavers, Not to any company or any partnership firms.

Benefits of Deen Dayal Upadhya Bunkar Yojana

  • Women Weavers can get loan up to Rs.2 Lakh
  • 7% Interest Subvention on Credit/ cash limit/ weavers credit card and swarojgar credit card
  • Interest Subvention will be given from date of disbursal of loan to repayment
  • It targets to cover 3000 weavers annually
  • The Scheme is supported by NABARD

Eligibility for Deen Dayal Upadhya Bunkar Yojana

  • Only an individual women applicant can apply. Companies and partnership firms are not eligible
  • She should be a resident of Arunachal Pradesh State
  • Loans extended by CB’s, RRB’s and StCB’s are not applicable
  • There is no limit on number and type of looms a weaver have

Download the notification and application form for Deen Dayal Upadhya Bunkar Yojana directly from here http://itanagar.nic.in/documents/bunform.pdf

Highlights of Deen Dayal Upadhyaya Bunkar Yojana

The state government has made some provision in the scheme which are specified below:-

  • The beneficiary of the scheme will get a loan on 7% interest subvention.
  • Subsequently, the government will provide loan facility as a short-term credit / Cash Credit limit / Working capital limit / Weavers Credit Card / Swarojgar Credit card availed by the women weavers of the state.
  • Accordingly, the Commercial and Regional Rural Banks will start disbursing the loans after 1 April 2017.
  • Moreover, the state government has set a target to benefit approx. 3000 women weavers across the state for the current financial year.
  • For this reason, the limit of working capital loan is up to Rs 2 lakh for each applicant women weaver under this scheme.
  • In addition to this, the district administration will cover all the women weavers with no limit on the unit size / number of looms.
  • However, the district administration and the bank will make all necessary efforts to create awareness about the scheme.

The interested candidate can download the complete guidelines of the scheme by click onthis link

 

 


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