Project Report For DIC Loan
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What Is DIC Loan?
The District Enterprises Centre (DIC) is a government-funded programme that promotes small village and cottage industries in a specific region. Since its inception in 1978, the DICs have been built in a variety of districts throughout India at various times. The District Industries Centres, which are formed at the district level, provide all of the required services and assistance to entrepreneurs in order to enable the establishment of MSMEs (Micro, Small and Medium enterprises). The Centre came up with the idea of establishing District Industries Centres since there was a need for industries to flourish at a quicker rate. The economy had reached a stalemate, and it was considered that it needed to be revitalised and shifted away from agriculture and toward industry. As a result, the Centre created District Enterprises Centres in several districts around the country to help speed up the formation and development of industries.
Because it is a central sector system, it is entirely supported by the federal government, with no contribution required from the states.
DIC Loan Details
The District Industries Center (DIC) Programme began in 1978 as a state-funded initiative with the goal of offering all services and assistance to village and small scale firms under one roof in order to effectively grow small scale industry in widely dispersed rural regions and small cities.
DIC Loan Eligibility
Applicants must be at least 18 years old.
Applicants must have completed the eighth grade.
The cost of the manufacturing project must be greater than INR 10 lakh, and the cost of the service or commercial sector must be greater than INR 5 lakh.
However, the most common documents required to obtain a District Industry Centre certificate are an Aadhar Card, the name and address of your business, bank account details, the date of the business’s inception, the main activity of the business, the type of business, the number of employees (if any), the business’s investment, and the account number.
Documents Needed For DIC Loan
- Working days for applications in required form in duplicate.
- Affidavit (Notarized) signed by the applicant in the appropriate format.
- Report on the Project (signed by the applicant)
Memorandum of Articles of Association/Partnership Deed (Signed by the applicant).
- Location clearance necessitates the submission of the following supporting documents.
- Deed of Sale / Lease.
- Extracts I and XIV.
- Order of N.A Sanad (if appropriate).
- Order of Subdivision (if applicable).
- PWD occupancy certificate.