The Government of Arunachal Pradesh has introduced the Deen Dayal Upadhyaya Bunkar Yojana (DDUBY), a transformative initiative aimed at uplifting women weavers by providing them access to affordable credit. This scheme is a significant step toward promoting entrepreneurship, financial independence, and sustainable livelihoods for women engaged in weaving activities across the state. If you’re a woman weaver looking for financial support, this article will guide you through everything you need to know about the DDUBY.

What is the Deen Dayal Upadhyaya Bunkar Yojana?

The DDUBY is designed to empower women weavers by offering them a 7% interest subvention on short-term loans and working capital requirements. The primary objective of the scheme is to reduce the financial burden on women entrepreneurs in the weaving sector and encourage them to scale their businesses. By partnering with commercial banks and regional rural banks, the government ensures that women weavers have access to timely and affordable credit.

This initiative is also integrated with the Pradhan Mantri Mudra Yojana, further enhancing its reach and impact. The scheme is not limited by unit size or the number of looms, making it inclusive for all categories of women weavers, from small-scale artisans to larger enterprises.

Key Benefits of the Scheme

1. Affordable Credit: A 7% interest subvention on short-term loans and working capital needs makes borrowing more accessible.
2. Entrepreneurship Support: Encourages women to take up weaving as a viable entrepreneurial venture.
3. Financial Inclusion: Covers all categories of women weavers, regardless of the scale of their operations.
4. Awareness and Education: Promotes timely loan repayment through financial literacy programs.
5. Integration with PMMY: Aligns with the Pradhan Mantri Mudra Yojana for enhanced benefits.

Who is Eligible for the Scheme?

To ensure that the benefits reach the right beneficiaries, the scheme has specific eligibility criteria:

• Gender – Only women weavers are eligible to apply.
• Primary Occupation – Applicants must be actively engaged in weaving activities.
• Ownership of Loom(s) – Proof of ownership or possession of a working loom(s) is mandatory.
• Individual or Group Applications – Both individual women weavers and groups of women weavers can apply.
• No Restrictions on Scale – There are no limitations based on unit size or the number of looms.

Exclusions:

• Companies and partnership firms are not eligible.
• Term loans and loans availed before April 1, 2017, do not qualify for interest subvention.

How to Apply for the Scheme?

The application process is straightforward and can be completed offline. Here’s a step-by-step guide:

1. Download/Form Access => Obtain the application form from the official website of the scheme or visit your nearest bank branch.
2. Fill the Form => Provide accurate details, including personal information, weaving activity specifics, and loan requirements.
3. Attach Documents => Submit necessary documents such as proof of identity, address, ownership of looms, and bank account details.
4. Submit Application => Hand over the completed form and supporting documents to the designated bank branch or Circle Officer.
5. Follow-Up => Regularly check with the bank or authorities for updates on your application status.

Necessary Documents for Application

To ensure a smooth application process, make sure you have the following documents ready:

• Completed application form
• Proof of identity (Aadhaar card, voter ID, PAN card, etc.)
• Proof of address (ration card, utility bill, driving license, etc.)
• Proof of ownership or possession of working loom(s), certified by the Circle Officer
• Bank account details
• Any additional documents specified by the bank

Frequently Asked Questions (FAQs)

Q1. Can men apply for the Deen Dayal Upadhyaya Bunkar Yojana?
No, the scheme is exclusively for women weavers.

Q2. Are companies and partnership firms eligible for the scheme?
No, only individual women weavers or groups of women weavers can apply.

Q3. What is the maximum loan amount eligible for the interest subvention?
The scheme does not specify a maximum loan amount; however, the interest subvention applies to short-term loans and working capital requirements disbursed during the current financial year.

Q4. Can I apply if I don’t own a working loom?
No, ownership or possession of a working loom is mandatory.

Q5. Is there any age limit to apply for the scheme?
There is no specific age limit mentioned in the scheme guidelines.

Q6. How long does it take for the loan amount to be disbursed?
The disbursement timeline depends on the bank’s processing time. It is advisable to follow up with the bank for updates.

Q7. Is collateral required to avail the benefits of the scheme?
Collateral requirements depend on the bank’s policies. However, the scheme aims to provide affordable credit without imposing excessive burdens.

Q8. Are loans availed from cooperative banks eligible for the interest subvention?
No, only loans from commercial banks and regional rural banks are eligible under the scheme.

Why Choose the DDU Bunkar Yojana?

The DDUBY is more than just a financial assistance program; it’s a pathway to empowerment for women weavers in Arunachal Pradesh. By reducing the cost of borrowing and promoting financial inclusion, the scheme enables women to focus on their craft and grow their businesses sustainably.

If you’re a woman weaver looking to expand your operations or manage working capital needs, this scheme offers the perfect opportunity to achieve your goals. Don’t miss out on this chance to transform your weaving enterprise into a thriving business.

Official Notification

By leveraging the benefits of the DDU Bunkar Yojana, women weavers can take a significant step toward financial independence and contribute to the cultural and economic growth of their communities. Apply today and be part of this transformative journey!