DIC to accept applications for seed capital, loan schemes from May 11

Chhatrapati Sambhajinagar

The district industries centre (DIC) will begin accepting applications for the Revised Seed Capital Scheme and the district industries centre Loan Scheme for the financial year 2026–27 from May 11. The last date to apply is September 30, 2026.

General manager Karuna Kharat has appealed to educated unemployed youth to take advantage of the opportunity. Under the Revised Seed Capital Scheme, loans are available for service, manufacturing and trading ventures. Applicants must have passed at least Class 7, be aged between 18 and 50 years, and must have resided in Maharashtra for 15 years. Projects up to Rs 25 lakh are eligible. The DIC will provide 15 to 20 per cent seed capital assistance, capped at Rs 3.75 lakh, at 6 per cent interest. The bank’s share will be 75 per cent, while the beneficiary must contribute 5 to 10 per cent. The DIC Loan Scheme supports service and manufacturing units in villages with a population below one lakh. There is no age or education criterion. Projects up to Rs 2 lakh qualify for margin money assistance at 4 per cent interest, with higher support for SC/ST applicants. Officials have urged eligible candidates to apply within the stipulated period.