Eligible ESM borrowers may also be financed for acquisition of a maximum of two transport vehicles. Margin money in excess of the above ceiling could also be considered upto Rs. Since inception and upto 31 Mar 98, loans amounting to Rs. 2021.05 lacs have been sanctioned to 3979 beneficiaries. The scheme provides self-employment opportunities through promotion and development of Khadi and Village Industries in the rural areas.
Financial assistance is available for projects upto Rs.
Individual ESM can avail loan upto Rs. 10 lacs per project. The KVIC has prescribed various guidelines relating to the level of projects based on the cost involvement. However, the land required for implementation of the scheme is also considered to be the margin money on its part. The scheme is picking up.