What is DIC loan scheme?

District Industries Centre (DIC) Loan Scheme: This scheme is for the self-employed as well as the small unit sector in towns and rural areas with population less than 1 lakh and with capital investment being less than Rs. 2 lakhs.

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Also to know is, how can I get MSME subsidy?

How to apply: Online Application and Tracking System has been introduced w.e.f. 01.10. 2013. To claim subsidy under CLCSS, eligible MSEs are required to apply online through Primary Lending Institutions (PLIs), from where the MSEs avail term loan.

In this manner, how many DIC are there in one district? There are 14 (fourteen) District Industries Centres (DICs), one each in the 14 districts of the state.

In respect to this, how many functional managers are there in DIC?

Four functional managers

How much is the subsidy for MSME loan?

This scheme provides an upfront subsidy of 15% on institutional credit up to Rs. 1 crore (i.e. a subsidy cap of Rs. 15 lakh) for identified sectors/subsectors/ technologies.

What is DIC and its function?

The District Industries Center (DIC) Programme was started in 1978 as a centrally sponsored scheme with an object of providing all the services and support to village and small scale enterprises under a single roof for the effective development of small scale industry in the widely dispersed rural areas and small towns …

What is DIC in MSME registration?

The entrepreneurs who are engaged in the manufacturing of products and/or provide services should register with District Industrial Centre registration. The district industrial centre registration is governed by the Micro, Small and Medium Enterprises Act, 2006.

What is the maximum government subsidy?

Government of India provides subsidy of 60% of the project cost with maximum ceiling up to Rs 50 crore.

What is the role of DIC for small scale enterprises?

It laid special stress on the development of small ,tiny, Cottage and village industry in a particular area . The main objective of DIC is to make available all necessary services at one place . For the purpose of allotment of land ,work sheds,raw material . … ⏺️ Provide loan ,workshed and raw material to SSI unit .

Which of the following schemes are provided by DIC?

All Schemes

Sl. No. Scheme Name
1.1. Prime Minister Employment Generation Programme(PMEGP)
1.2. Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)
1.3. Interest Subsidy Eligibility Certificate (ISEC)
2. Development of Khadi, Village and Coir Industries

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