Mission Solar Charkha

Objective

Infrastructure Support

Key Benefits

• 50 solar clusters with the financial outlay of Rs. 550 crore during 2018-19 and 2019-20 will be set up.
• One cluster will have maximum 2,000 artisans. Each artisan will be given two 10 spindle charkha. Maximum Govt. of India subsidy provided to each cluster is Rs.9.60 Crores.

Scheme applicable for

• Promoter Agencies i.e. SPV, Section 8 Company, Producer Company

Detailed Information

• Criteria for selection of Promoter Agency/SPV:
  Existing Khadi and Village Industry institution {/fV/} could apply for setting up such a cluster. However, the following parameters must be fulfilled:
• KVI having a positive balance sheet and assets in favour of the institution;
• KVI having an artisan base of not less than 200;
• KVI having a sales turnover of not less than Rs. One Crore in each of the preceding three financial years;
• Should have an increase in number of new artisans in the last three years.
• Other Institutions such as SPV, Society, Trust, Section 8 Company or LLP under Companies Act, 2013 registered under respective statutes could also apply for setting up a new Solar Charkha Cluster, with the following criteria:
• Vision and Mission
• Board and Governing Structure with sufficient experience
• Proper Management Information System (MIS)
• Financial Resources —equity and debt
• Financial Performance for last three years — profitability and IRR
• First Timers who want to join the village industry movement could apply for a new cluster, with the following criteria:
• Highest Commitment to the cause of social and rural upliftment
• Funding commitment from Scheduled Commercial Banks/
• NBFC/ Venture Capital Fund/Private Equity funds
• Proper Management Information System (MIS)

How to apply

Click Here to apply.