Organisation : Industries & Commerce Assam
Scheme Name : Angel Fund Scheme
Applicable States/ UTs : Assam
Website : https://industries.assam.gov.in/frontimpotentdata/angel-fund-scheme
Industries Assam Angel Fund Scheme
Entrepreneurs in Assam are facing shortage of start-up capital in terms of equity to establish or to expand their existing venture.
Related : How to get Permanent Residential Certificate Assam : www.statusin.in/348.html
The Angel Fund Scheme is designed to give gainful employment to the first generation entrepreneurs through providing soft loan. The Department of Industries & Commerce, Government of Assam has selected Assam Gramin Vikash Bank (AGVB) as the financial institution to implement the scheme.
Check List
** The activity should be under the purview of Angel fund scheme.
** The applicant should have EM-I/EM-II , as applicable.
** Ensure that the right application forms are filled up.
** Check if all the accompanying documents are submitted while applying
** Application in the prescribed Form-A, two copies of Passport size photograph ( Black & white), EM-I/EM-II , Scheme/project Report, Trade License, Certificate of Training .
** Identity Proof – ( Any of the following)Voter Identity Card/ PAN Card/ Driving License/ Job Card/ Aadhaar Card/ Identity Card .
** Address Proof (Any of the following) – Electricity Bill/ Telephone Bill/ Bank Account Statement of any other bank/ Letter from reputed employer/ Letter from recognized public authority verifying the address of the customer to the satisfaction of the bank/ Ration Card /Voter Identity card.
** Certificate of OBC/SC/ST/Differently able person, if any.
Salient Features
** The applicant should be eligible under the Angel Fund Scheme.
** The application should be submitted to DICC for financial assistance under the scheme.
** The DLC under the Chairmanship of General Manager , DICC is authorized to approved the proposal and forwarded to the AGVB for sanction.
** AGVB will issue sanction and disbursement within the stipulated time frame subject to availability of fund.
Eligibility Criteria
** Activity should be under the purview of the scheme.
** Unit should have EM-I/EM-II , as applicable.
** Applicant should have Training Certificate.
** The applicant should not be a defaulter of any Bank/Financial Institution.
** The applicant should have a copy of project report/scheme, as applicable.
** The applicant should have valid proof of Address.
Guidelines For Filing Up the Form
** All columns of the form are to be filled up.
** If any column is not applicable , then write ” Not applicable”.
** Avoid any overwriting in the specified box/es.
How to apply
(i) Make sure that you are eligible for applying
1.a. The activity should be eligible under the Angle Fund Scheme.
b. The applicant should be eligible under the Angel Fund Scheme
c. The prescribed application Form-A, should be downloaded from the official website of the department and filled application form along with the supporting documents to be submitted to concerned DICC any day during office hour.
2. Application shall be scrutinized by the officials of DICC and placed before the District Level Committee (DLC) for approval.
3. On receipt of the approval from DLC , the proposal shall be forwarded to the concerned Branch of Assam Gramin Vikash Bank (AGVB).
4. On receipt of the proposal from DICC, concerned AGVB branch will examine the proposal thoroughly and issue sanction and disbursed the loan proposal within 14 days, subject to availability of fund.
(ii) Complete the forms to be filled.
(iii) Ensure that you attach the relevant documents
(iv) Pay the required fees – There are no fees for applying under the scheme.