The Deen Dayal Upadhyaya Bunkar Yojana (DDUBY) is an initiative by the Government of Arunachal Pradesh aimed at empowering women weavers by providing affordable credit support. The scheme is designed to encourage entrepreneurship, promote sustainable livelihoods, and ensure timely repayment through awareness programs.
Scheme Key Highlights (Short Summary)
- 7% interest subvention on short-term and working capital loans
- Applicable only to women involved in weaving activities
- Covers loans issued in the current financial year
- Supports both individual and group weavers
- Linked with Pradhan Mantri Mudra Yojana
Benefits
- Interest Subvention: 7% interest subsidy on eligible loans
- Credit Access: Easier and affordable access to short-term loans and working capital
- Inclusivity: No limit on unit size or number of looms
- Support for Entrepreneurship: Encourages self-reliant livelihoods for women
- Integration with PMMY: Tied with Pradhan Mantri Mudra Yojana for broader credit access
- Awareness Programs: Promotes loan repayment awareness among weavers
Eligibility Criteria
- Gender: Only women are eligible
- Occupation: Must be engaged in weaving as a primary activity
- Loom Ownership: Must own or possess a working loom, certified by the Circle Officer
- Applicant Type: Open to individuals and groups of women (SHGs, clusters, etc.)
- Exclusions: Companies, partnership firms, and weavers with loans prior to 01.04.2017 are not eligible
Exclusions
- Loans other than short-term/working capital (e.g., term loans) are not covered
- Cooperative bank loans are not eligible for interest subvention
- Loans sanctioned before 01.04.2017 are excluded
- Firms, companies, or male weavers are not eligible
Application Process
Offline Application
- Get the Form: Download from the official website or obtain it from the designated bank branch or Circle Officer
- Fill the Form: Provide details on personal info, weaving activity, and loan requirement
- Attach Documents: Ensure all required documents are included
- Submit Application: Submit the form to the relevant bank branch or Circle Officer’s office
- Track Application: Follow up for processing and disbursal status
Documents Required
- Duly filled application form
- Identity Proof: Aadhaar Card, Voter ID, PAN card
- Address Proof: Ration Card, Utility Bill, Driving License
- Proof of loom ownership/possession (certified by Circle Officer)
- Bank Account details
- Any additional documents required by the bank
Frequently Asked Questions (FAQs)
Q: Can men apply for the Deen Dayal Upadhyaya Bunkar Yojana?
No, the scheme is exclusively for women engaged in weaving.
Q: Are companies and partnership firms eligible for the scheme?
No, only individual women and women groups are eligible.
Q: What is the maximum loan amount eligible for the interest subvention?
There is no fixed maximum; it depends on the bank’s lending criteria for working capital or short-term credit.
Q: Can I apply if I don’t own a working loom?
No, possession or ownership of a working loom is mandatory.
Q: Is there any age limit to apply for the scheme?
There is no specific age limit mentioned, but applicants should be adults (18+).
Q: How long does it take for the loan amount to be disbursed?
Processing time depends on the respective bank and completion of document verification.
Q: Is collateral required to avail the benefits of the scheme?
No collateral is typically required under short-term credit linked to this scheme.
Q: Are loans availed from cooperative banks eligible for the interest subvention?
No, only loans from commercial banks and regional rural banks are eligible.