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MSME Scheme for SC/ST Entrepreneurs

09-Dec-2022 12:35:27
Funding

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Scheme Provider :
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Andhra Pradesh State Financial Corporation

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Sector :
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Funding

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States :
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Andhra Pradesh

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Eligibility :
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Enterprises owned by SC/ST

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Vertical :
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Financial assistance

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Link for enrollment :
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https://esfc.ap.gov.in/ProductsAndServices.jsp#
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Link to scheme information :
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https://esfc.ap.gov.in/ProductsAndServices.jsp#
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Link to government website :
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https://esfc.ap.gov.in/ProductsAndServices.jsp# +
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Details :
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Purpose: To provide financial assistance by way of term loans to new / existing micro and small SC / ST entrepreneurs engaged in manufacturing / service sector. +Eligibility: +- Companies, Registered Co-operative societies, Firms, LLPs, Individuals and other legal entities. +- The entire shareholding shall be held / all partners and members shall belonging to SC / ST Community. +- In case of Co-operative Societies, the percentage of SC /ST members does not fall below 80% during the currency of loan. +Quantum of loan: - Financial assistance by way of term loan to a single borrower not exceeding Rs.25.00 lakhs. +- The working capital loan component is maximum up to 30% of the project cost.

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Introduction :
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Benefits :
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Gender :
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Implementing Agency :
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Andhra Pradesh State Financial Corporation

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Target Audience :
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Enterprises

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Primary Domain :
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Funding

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Secondary Domain :
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Relevant schemes (6)

Integrated Cold Chain and Value Addition Infrastructure

MMSME Champions scheme

Self Reliant India (SRI) Fund - Empowering MSMEs for Aatmanirbhar Bharat

Training Scheme

Grant-in-aid to Voluntarv and other Organizations for Scheduled Castes

Assistance for Skill Development of Other Backward Classes (OBCs)/ De-Notified, Nomadic And Semi-Nomadic Tribes (DNTS)/ Economically Backward Classes (EBCs)

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Integrated Cold Chain and Value Addition Infrastructure

The objective of the Scheme of “Integrated Cold Chain and Value Addition Infrastructure” is to provide integrated cold chain and preservation infrastructure facilities, without any break, from the farm gate to the consumer. It covers creation of infrastructure facility along the entire supply chain viz. pre-cooling, weighing, sorting, grading, waxing facilities at farm level, multi product/multi temperature cold storage, CA storage, packing facility, IQF, blast freezing in the distribution hub and reefer vans, mobile cooling units for facilitating distribution of non-horticulture, horticulture, fish/marine(except shrimp), dairy, meat and poultry. The scheme allows flexibility in project planning with special emphasis on creation of cold chain infrastructure at farm level. + +The integrated cold chain project can be set up by Partnership / Proprietorship Firms, Companies, Corporations, Cooperatives, Self Help Groups (SHGs), Farmer Producer Organizations (FPOs), NGOs, Central / State PSUs, etc. subject to fulfilment of eligibility conditions of scheme guidelines. + +Pattern of Assistance +- Financial assistance (grant-in-aid) under the scheme is limited to a maximum of Rs 10 crore per project in relation to technical civil works and eligible plant & machinery subject to the following: +- For storage infrastructure including Pack House and Pre cooling unit, ripening chamber and transport infrastructure, grant-in-aid @ 35% for General Areas and @ 50% for North East States, Himalayan States, ITDP Areas & Islands, of the total cost of plant & machinery and technical civil works will be provided. +- For value addition and processing infrastructure including frozen storage/ deep freezers associated and integral to the processing, grant-in-aid @ 50% for General Areas and @ 75% for North East States, Himalayan States, ITDP Areas & Islands, will be provided. +- For irradiation facilities grant-in-aid will be provided @ 50% for General Areas and @ 75% for North East States, Himalayan States, ITDP Areas & Islands. + +Release of Grant +The grant-in-aid under the scheme is released in three instalments of 25%, 40% and 35% as per following schedule: +- 1st installment of 25% of the total grant under the scheme is released after ensuring that 25% of the promoter’s contribution and 25% of the term loan has been spent on the project; +- 2nd installment of another 40% of the total grant is released after ensuring that utilization of first installment of grant, 65% of promoter’s contribution & 65% of term loan; +- 3rd and final installment of remaining 35% of the grant assistance is released after ensuring utilization of the second installment and 100% of promoter’s contribution and 100% of term loan.

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