Project Report For ODOP Loan
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What Is ODOP Loan?
The scheme uses the One District One Product (ODOP) model to gain the benefits of scale in terms of input procurement, shared services, and product marketing. The scheme’s ODOP provides a framework for value chain development and supports infrastructure alignment. In one district, there may be more than one cluster of ODOP products. In a State, there may be a cluster of ODOP products consisting of more than one nearby district.
The states would pick the food product for a district while keeping in mind the scheme’s concentration on perishables and on the basis of baseline research conducted by the state government. The ODOP product might be a perishable agricultural product, cereal-based product, or food product that is commonly produced in a district and its related industries. Such things include mango, potato, litchi, tomato, tapioca, skinny, bhujia, petha, papad, pickle, millet-based goods, fishery, chicken, meat, and animal feed.. Furthermore, certain additional conventional and new items, such as waste-to-wealth products, maybe encouraged under the Scheme. Honey, for example, small forest products in tribal regions, traditional Indian herbal culinary goods such as turmeric, amla, Haldi, and so on. Agricultural produce would be supported in terms of processing, as well as measures to decrease waste, effective assaying, storage, and marketing.
ODOP Loan Details
a) Enterprises with project costs of up to INR 25 lakhs, the margin money plan will pay 25% of the total project cost, up to a maximum of INR 6.25 lakhs, whichever is less.
b) For enterprises with project costs ranging from INR 25 lakhs to INR 50 lakhs, the margin money plan will pay INR 6.25 lakhs or 20% of the project cost, whichever is greater.
c) For enterprises with project costs ranging from INR 50 lakhs to INR 150 lakhs, INR 10 lakhs or 10% of the project cost, whichever is greater, will be payable under the margin money programme.
d) For enterprises with project expenses surpassing INR 150 lakhs, the margin money plan will pay 10% of the total amount, up to a limit of INR 20 lakhs, whichever is less.
ODOP Loan Eligibility
The applicant’s age must be at least 18 years old.
The applicant must be an Uttar Pradesh resident.
Formal education is not required.
The applicant must not have received any benefit from the GoI or the State Government in the past two years in relation to the toolkit.
As per the scheme, the applicant or any of their family members may apply for the scheme only once. A husband and wife constitute a family for the purposes of this plan.
For satisfying the scheme’s qualifying conditions, an affidavit must be submitted.
Documents Needed For ODOP Loan
- ID proofs such as PAN Card, Aadhar Card, Driving License, Proof of residence etc.
- Details and documents of the company
Proof of Business.
- Ownership documents.
- Memorandum and articles of association of the Company/Partnership Deed of partners etc.
- Assets and liabilities statement of promoters and guarantors along with latest income tax returns