The Deen Dayal Upadhyaya Bunkar Yojana is a scheme launched by the Government of Arunachal Pradesh to empower women weavers by providing them with access to affordable credit. This initiative is aimed at encouraging entrepreneurship and sustainable livelihoods among women engaged in weaving activities. The scheme’s main goal is to provide financial support through a 7% interest subvention on short-term credit, cash credit limit, working capital limit, weavers’ credit card, and Swarojgar credit card obtained from commercial banks and regional rural banks. This support is designed to cover loans disbursed during the current financial year, subject to a maximum period of one year.
The scheme is an important step towards promoting economic welfare among women weavers, helping them to sustain their businesses and enhance their financial stability. It integrates with the Pradhan Mantri Mudra Yojana, further extending its benefits and impact. By focusing on timely loan repayment through education and awareness initiatives, the scheme also promotes responsible financial behavior among the beneficiaries.
| Feature | Description |
|---|---|
| Name of the Yojana | Deen Dayal Upadhyaya Bunkar Yojana (DDUBY) |
| State | Arunachal Pradesh |
| Initiated By | Government of Arunachal Pradesh |
| Yojana Overview | The scheme aims to empower women weavers by providing affordable credit, encouraging entrepreneurship, and ensuring sustainable livelihoods. Beneficiaries receive a 7% interest subvention on short-term credit, cash credit limits, and working capital. |
| Beneficiaries | Exclusively women weavers engaged in weaving activities, including both individual weavers and groups of weavers. |
| Registration Process | Offline |
| Official Website | Deen Dayal Upadhyaya Bunkar Yojana |
Table of Contents
Objectives of “Deen Dayal Upadhyaya Bunkar Yojana”
- Financial Support: The primary objective is to offer financial support to women weavers, enabling them to access affordable credit for their weaving activities. This support includes a 7% interest subvention on various types of short-term credit.
- Empowerment: The scheme aims to uplift women by providing low-cost credit and working capital, thereby empowering them to become successful entrepreneurs.
- Economic Opportunities: It aims to improve economic opportunities for women weavers, helping them to enhance their livelihoods and reduce poverty in Arunachal Pradesh.
- Sustainable Livelihoods: The scheme encourages sustainable livelihoods by providing financial support for working capital needs, ensuring that women weavers can maintain a steady production flow.
- Inclusivity: The scheme includes all categories of women weavers, regardless of unit size or number of looms, promoting equality and fairness within the weaving community.
Registration Process
The registration process for Deen Dayal Upadhyaya Bunkar Yojana is conducted offline. Here are the detailed steps:
- Obtain Weaver Certificate: Prospective weavers need to obtain a weaver certificate from the concerned Circle Officer (CO), Extra Assistant Commissioner (EAC), Block Development Officer (BDO), Sub-Divisional Officer (SDO), Additional Deputy Commissioner (ADC), or Deputy Commissioner (DC) Office as per the prescribed form.
- Application Form: Fill in the required details accurately in the application form, including personal information, details of weaving activities, and loan requirements.
- Attach Documents: Attach the necessary documents as specified, such as proof of identity, address, and ownership of working looms.
- Submit Application: Submit the completed application form along with the supporting documents to the designated bank branch or through the Circle Officer.
- Follow-Up: Follow up with the bank or authorities for updates on the application status. Ensure that all details are correct and documents are complete to avoid delays.
The detailed registration process ensures that women weavers can access the scheme’s benefits effectively and efficiently.
Benefits of this Yojana
- Interest Subvention: A 7% interest subvention on short-term loans and working capital requirements is provided to reduce the cost of borrowing and make credit more affordable for women weavers.
- Access to Credit: The scheme facilitates access to affordable credit, enabling women weavers to invest in their businesses and improve their financial stability.
- Entrepreneurship: By providing financial support, the scheme encourages women weavers to become entrepreneurs, promoting economic growth and self-reliance.
- Working Capital Support: Adequate working capital is crucial for maintaining production flow in the weaving industry. The scheme offers financial support to meet these needs.
- Inclusivity: The scheme is inclusive of all categories of women weavers, regardless of the number of looms or the scale of their operations. This inclusivity promotes equality and fairness within the weaving community.
Eligibility Criteria
- Gender: The scheme is exclusively for women weavers, recognizing their significant role in the weaving sector.
- Weaving Activity: Applicants should be engaged primarily in weaving activities.
- Ownership of Looms: Applicants must possess or have ownership of working loom(s), ensuring support is directed to active weavers.
- Individual or Group: Both individual women weavers and groups of women weavers are eligible to apply. Companies and partnership firms are not eligible.
- No Restriction on Unit Size: There is no restriction based on unit size or the number of looms. Weavers of all categories and scales are eligible to apply.
Required Documents
- Completed Application Form: Ensure all sections of the form are filled accurately.
- Proof of Identity: Documents such as Aadhaar card, voter ID, or PAN card.
- Proof of Address: Documents such as a ration card, utility bill, or driving license.
- Proof of Ownership of Looms: Certification by the Circle Officer verifying the ownership or possession of working loom(s).
- Bank Account Details: Include bank account information to facilitate the loan process.
- Additional Documents: Any other documents specified by the bank or authorities may be required based on specific circumstances.
Exclusion of this Yojana
- Term Loans: Term loans and other loans extended by commercial banks, regional rural banks, and cooperative banks to weavers are not covered under the scheme.
- Companies and Partnership Firms: Only individual women weavers or groups of women weavers can apply. Companies and partnership firms are excluded.
- Loans Before 2017: Loans availed before April 1, 2017, are not eligible for the interest subvention.
