State Government Share Capital Contribution to Co.operative Sugar Factories (Normal Area) (Tribal Area)
30% state share capital contribution · new sugar co-operative factories Gujarat
New sugar cooperative factories in Gujarat can receive a 30% share capital contribution from the State Government towards their project setup costs, reducing the financial burden on cooperative members. The scheme is administered by the Agriculture, Farmers Welfare and Cooperation Department. Eligible co-operatives must send their proposal through their District Registrar to the Director of Sugar in Gandhinagar.
About This Scheme
New sugar cooperative factories in Gujarat can receive a 30% share capital contribution from the State Government towards their project setup costs, reducing the financial burden on cooperative members. The scheme is administered by the Agriculture, Farmers Welfare and Cooperation Department. Eligible co-operatives must send their proposal through their District Registrar to the Director of Sugar in Gandhinagar.
Full official description
The scheme "State Government Share Capital Contribution to Co.operative Sugar Factories (Normal Area) (Tribal Area)" introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat, aims to facilitates the establishment of new sugar cooperative factories by providing a 30% share capital contribution from the State Government. The objective is to strengthen the cooperative sugar industry and support economic development in the state.
Benefits
- State Government contributes 30% of the total project cost as share capital to the new sugar cooperative factory
- Support helps reduce the initial financial burden on individual cooperative members
- Contribution enables cooperatives to access the remaining 70% of project funding from other sources
💡 Why Startups Should Care
For agricultural cooperatives wanting to establish sugar processing capacity, government share capital contribution reduces the equity burden on member-farmers, making cooperative sugar manufacturing more financially achievable.
Who Can Apply (Eligibility)
- Only newly established sugar co-operative factories are eligible
- The cooperative must be setting up operations for the first time in Gujarat
- Applications must be routed through the District Registrar of Co-operative Societies in the applicant's district
How to Apply
- The eligible sugar co-operative society sends a proposal through the District Registrar of the concerned district.
- Include the project report covering construction and machinery costs.
- Attach details of member's share capital already collected, including the last balance sheet.
- The state government reviews and sanctions the share capital contribution.
- Funds are disbursed as per the approved project timeline.
Frequently Asked Questions
What is the objective of this scheme?
The objective of this scheme is to provide financial assistance to newly established sugar cooperative factories in Gujarat by contributing 30% of the project cost as share capital.
Who is eligible to apply for this scheme?
Newly established sugar cooperative factories located in Gujarat are eligible to apply for financial assistance under this scheme.
What percentage of the project cost does the State Government contribute?
The State Government contributes 30% of the total project cost as share capital to eligible sugar cooperative factories.
Are existing sugar factories eligible for this scheme?
No, only newly established sugar cooperative factories are eligible to apply for the scheme.
Can a privately-owned sugar factory apply for financial assistance under this scheme?
No, only sugar factories operating under the cooperative model are eligible to apply.
Can a sugar factory apply for this scheme without a sanctioned project loan?
No, a sanctioned project loan is a mandatory requirement for applying under this scheme.
What is the process for applying to this scheme?
Eligible sugar cooperative societies must submit their proposal through the District Registrar of the concerned district, which is then forwarded to the Director of Sugar, Gujarat State, Gandhinagar, for approval.
Where can applicants find more information about this scheme?
Applicants can contact the District Registrar of their respective district or the Director of Sugar, Gujarat State, Gandhinagar, for more information.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Project report of sugar co-operative factory (construction/machinery)
- Member's share capital collected by the society (including last balance sheet)