District Industries Centre (DIC) Loan Scheme

Purpose:

District Industries Centre (DIC) Loan Scheme is a credit and finance support initiative designed for eligible beneficiaries and enterprises. Bank-linked project finance with eligible State assistance or seed-capital support as prescribed under the district-level scheme. Final sanction is subject to DIC recommendation and bank appraisal.

Benefits

Bank-linked project finance with eligible State assistance or seed-capital support as prescribed under the district-level scheme.

Key documents:

• Completed application form or online application details
• Identity and address proof / KYC documents
• Relevant registration and beneficiary eligibility proof
• Bank account details and loan/project proposal
• Financial statements or income-related documents, as required by the lender
• Project report, quotations, invoices or machinery details, as applicable

Eligibility

Eligible small entrepreneurs proposing a viable micro or small manufacturing, service or permitted business activity and meeting the prescribed age, residence, project-cost, category and own-contribution conditions.

FAQ

Where should an applicant begin

The applicant should contact the General Manager of the concerned District Industries Centre for the current notification, application form and district-specific conditions

Is finance sanctioned by the DIC?

The DIC may scrutinise and recommend the proposal, while the financing bank undertakes credit appraisal and gives the final sanction.

What activities may be considered?

Viable micro or small manufacturing, service or other activities permitted under the applicable State scheme may be considered.

Which documents are commonly required?

Identity and residence proof, category documents where applicable, project report, machinery quotations, own-contribution evidence and bank-related documents are commonly required.

Beneficiary:

small entrepreneurs proposing a viable micro or small manufacturing, service or permitted business activity and meeting the prescribed age, residence, project-cost, category and own-contribution conditions

Benefits:

• Bank-linked project finance with eligible State assistance or seed-capital support as prescribed under the district-level scheme. • Final sanction is subject to DIC recommendation and bank appraisal.