- OBJECTIVE
- The scheme aims to provide funding for the khadi programme undertaken by khadi institutions through mobilizing funds from banking institutions, thereby bridging the gap between the actual fund requirement and the availability of funds from budgetary sources
- KEY BENEFITS
- Under the scheme credit would be made available at a concessional rate of interest as per the requirement of the Khadi Institutions (KI), thus enabling the mobilization of funds from the Financial Institutions / Banks for the additional requirements
- Under the scheme, the benefiting KIs are only required to pay a concessional rate of interest, which is just 4%. And, the difference between the actual Interest charged by the lending bank and 4%, concessional rate of interest would be borne by the KVIC as an ‘interest subsidy’
- SCHEME APPLICABLE FOR
- The financial assistance under the scheme can be availed by all Khadi Institutions (KIs) registered with the KVIC or State Khadi and Village Industries Boards (KVIBs)
- DETAILED INFORMATION
- The scheme aims to extend the financial assistance to the needy eligible Khadi institutions for the development of Khadi and Polyvastra Programme
- Further, the scheme aims to ensure that Khadi Institutions have adequate working funds
- The scheme aims to tap into banking resources to ensure liquidity to Khadi Institutions
HOW TO APPLY
Application under the scheme can be made online. Click "Apply Now"