Yozni.Login
Andhra Pradeshbusiness-entrepreneurship

40% Subsidy On Hank Yarn, Dyes & Chemicals Scheme

The "40% subsidy on Hank Yarn, Dyes & Chemicals Scheme" is a Subsidy Scheme by the Dept. of Handlooms & Textiles, Govt. of Andhra Pradesh. The assistance will be in the form of Grant from the State Govt. The subsidy will be available only on purchases / procurements from NHDC & APCO.

Ministry / Department
Department of Industries and Commerce
Level
State
Benefit type
other
Last verified: Recently

What is 40% Subsidy On Hank Yarn, Dyes & Chemicals Scheme?

The "40% subsidy on Hank Yarn, Dyes & Chemicals Scheme" is a Subsidy Scheme by the Dept. of Handlooms & Textiles, Govt. of Andhra Pradesh. The assistance will be in the form of Grant from the State Govt. The subsidy will be available only on purchases / procurements from NHDC & APCO.

Benefit
40% subsidy on the purchases / procurements of Hank Yarn, Dyes & Chemicals from NHDC & APCO. The 75% amount will be credited directly to the members bank account of the concerned primary weavers cooperative societies as production bonus basing on the wages earned by them. The remaining 25% amount may be utilized by the societies for giving rebate on sales or any other production related purpose.
Level
State — Andhra Pradesh
Ministry / Dept.
Department of Industries and Commerce
Benefit type
other
Key eligibility
1. The subsidy will be available only on purchase / procurement of yarn from NHDC, Yarn Deports sanctioned by NHDC and APCO for self-consumption of Handloom Weaver Cooperative Societies for providing work to weaver members. 1. The subsidy will be allowed only on the Hank yarn purchased from the APCO
Last verified
Recently

Benefits

40% subsidy on the purchases / procurements of Hank Yarn, Dyes & Chemicals from NHDC & APCO. The 75% amount will be credited directly to the members bank account of the concerned primary weavers cooperative societies as production bonus basing on the wages earned by them. The remaining 25% amount may be utilized by the societies for giving rebate on sales or any other production related purpose.

Eligibility

1. The subsidy will be available only on purchase / procurement of yarn from NHDC, Yarn Deports sanctioned by NHDC and APCO for self-consumption of Handloom Weaver Cooperative Societies for providing work to weaver members. 1. The subsidy will be allowed only on the Hank yarn purchased from the APCOArea: Andhra PradeshBenefit: other

Documents Required

    How to Apply

    1. Step 1: Offline application — step 1

      Application:

    2. Step 2: Offline application — step 2

      Step 1: The claims for subsidy shall be submitted by the Weavers Cooperative Societies to the Assistant Director (H&T) in the prescribed proforma on quarterly basis during the financial year within 15 days from the end of the respective quarter.

    3. Step 3: Offline application — step 3

      Step 2: The AD(H&T) after scrutiny shall recommend the claims with in next 15 days.

    4. Step 4: Offline application — step 4

      Step 3: All claims in complete shape should reach Head Office with in 30 days from the end of the Quarter.

    5. Step 5: Offline application — step 6

      NOTE: Appropriate cut will be imposed on bleated claims.

    6. Step 6: Offline application — step 8

      Disbursal of the Subsidy:

    7. Step 7: Offline application — step 9

      The amount sanctioned as 40% Yarn subsidy, 75% amount will be credited directly to the members bank account of the concerned primary Weavers Cooperative Societies as production bonus basing on the wages earned by them. The societies may utilize the remaining 25% amount for giving rebate on sales or any other production related purpose with effect from 1st Dec 2016.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website

    Find Similar Schemes

    business-entrepreneurshipLakshadweep

    25% Capital Investment Subsidy Scheme

    The Union Territory of Lakshadweep has implemented the scheme “25% Capital Investment Subsidy” to provide financial assistance to local entrepreneurs for promoting Micro and small Enterprises in Lakshadweep.

    View Scheme
    business-entrepreneurshipIndia

    Advance Authorisation(AA)

    Advance Authorisation scheme enables duty free import of inputs for export production, including replenishment of inputs or duty remission Advance Authorisation covers manufacturer exporters or merchant exporters tied to supporting manufacturer(s).

    View Scheme