BANKING TRADE AND COMMERCE

STATE AID TO INDUSTRIES

The State Government encourages industries by providing training facilities to artisans in the use of improved tools and equipment, by organising industrial co-operatives and by helping non-official institutions like the Maharashtra Village Industries Board in conducting certain industries in rural areas. Government also grants financial assistance to individual artisans and their co-operatives for the purchase of raw materials, tools and equipments.

Maharashtra State Aid to Industries Rules, 1961: The Government of Maharashtra enacted the Maharashtra State Aid to Industries Rules, 1961, with a view to granting loans to small-scale and cottage industries for the following purposes:—

(1) Purchase of land required for an industry.

(2) Construction of buildings or work-sheds, godowns, warehouses, wells, etc. necessary for the industry.

(3) Purchase of tools, equipment, appliances, plant and machinery.

(4) Erection of plant and machinery.

(5) Purchase of raw materials or for other use as working capital other than as cash credit.

(6) Tiding over initial difficulties or bottlenecks.

Loans which are granted to the extent of rupees one thousand are to be secured by personal bond of the applicant, and in case of applicant being a firm, by personal bond of all partners. Loans exceeding Rs. 1,000 but not exceeding Rs. 5,000 are to be secured by one or more sureties.

The relevant particulars regarding loans granted to individuals and goldsmiths under these rules by Government and Zilla Parishad are furnished below:—

The following statement shows the assistance given to goldsmiths affected by the Gold Control Order in Sholapur district:—

Since the establishment of the Zilla Parishad, loans amounting to Rs. 32,925 have been granted to the different kinds of artisans shown below:—

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