• Posted on: 23 February 2016
  • By: admin


District Industries Centers, of Government of Maharashtra State run three finance schemes,

a) PMEGP, b) Seed Money Scheme and c) District Industries Loan Scheme.  

A) Prime Minister Employment Guarantee Programme

Project Limit:

Manufacturing Projects : Rs. 25 lakh

Service projects: Rs. 10 lakh investment

Assistance :
90% loan for general and 95% for special group from public sector banks, Regional rural banks and Commercial banks.



Urban areas: 15% of Loan amount for general group

                    and 25% for special group

Rural areas:  25% for general and 35% to special group.

*Special group:-  SC/ST/OBC/minority/woman/ex-servicemen/physically handicapped.


1. Eligibility : 
1. Any individual, above 18 years of age 
2. If the project exceeds Rs.10 lakh for manufacturing sector and

Rs. 5 lakh for service sector- Applicant should be at least VIII standard pass.
3. Only for new projects sanctioned specifically under the PMEGP. 
4. Self Help Groups (provided that they have not availed benefits under any other Scheme) are also eligible for assistance under PMEGP. 
5. Trusts registered under Societies Registration Act, 1860; 
6. Production Co-operative Societies, and Charitable Trusts. 


Existing Units and those already availed any other scheme are not eligible.

Trading business not eligible.


B) Seed Money Scheme (SMS)

Seed money Scheme provides margin money required for Bank Loans.


Eligibility : 
Local unemployed person or group of persons fulfilling:

1. Age Group: 18 to 50 years 
2. Qualification: Std. VII pass 
3. Domiciled in the state of Maharashtra for the last 15 years. 


Project Limit: Rs. 25 lakhs [for manufacturing, service and trade] activity. 



Bank loan 75% of the project cost. 
Rate of interest on seed money is 6%

If the borrower pays the repayment of installment regularly and within scheduled time, then the borrower will get rebate of 3% in interest. If the installment is not repaid in time, it will attract 1% penal interest. 

Moratorium period: Six months for Service and Trade and Three years for manufacturing

 (The repayment of loan starts after three years in four yearly installments for industry cases. In other cases repayment starts after six months of loan availment.)



Coverage: All Urban and Rural areas having population of less than 1 lac. All units falling within the purview of the Small Scale Industries Board and Village Industries, handicrafts, handlooms, Silk & Coir Industries are covered under the Scheme. 

Project Limit: Rs. 2 lacs.


General Group: 20 % of the total investment or Rs. 40000/- whichever is less

Scheduled caste & scheduled tribe:-

Upto 30 % of total fixed capital investment or upto maximum of Rs. 60000/- which ever is less. 

Rate of Interest: 4 %  Repayment period: within 7 years.