Who can apply?
  1. Individual
  2. Existing Khadi Institutions
  3. Others

    Criteria for seletion of Promoter Agency / SPV

    A) Existing Khadi and Village Industry Institution (KVI) could apply for setting up Such a Cluster. However, the following parameters must be fulfilled:

  1. KVI having a positive balance sheet and assets in favour of the institution.
  2. KVI having an artisan base of not less than 200.
  3. KVI having a sales turnover of not less than Rs. One Crore in each of the preceding three financial years.
  4. Should have an ince=rease in number of new artisans in the last three years.
    B) 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:
  1. Vision and Mission
  2. Board and Governing Structure with sufficient experience.
  3. Proper Management Information System (MIS).
  4. Financial resources-equity and debt.
  5. Financial Performance for last three years-profitability and IRR.
    C) First Timers who want to join the village industry movement through solar charkha clusters could apply for a new cluster, with the following criteria:
  1. Highest Commitment to the cause of Social and rural upliftment
  2. Funding commitment from Scheduled Commercial Banks/NBFC/Venture Capital Fund/Private Equity funds.
  3. Proper Management Information System (MIS).
  4. Any other criteria to be approved by governing council.

    Promoter Will fulfill the Following criteria at the time of application:

  1. Baseline survey would be conducted by the promoter, and at least 200 members would be identified with Aadhar Numbers of which at least 50% shall be women.
  2. Land of minimum 20,000 sq.ft and upto 2 acres will be provided by the promoter either owned or on long-term lease of minimum 15 year. The land will be arranged by the promoter and all expenditure pertaining to the land will be made by the promoter.
  3. The small promoter agency will deposit at least 15% of the requirement of the working capital or at least three months projected amount of working capital in a separate dedicated account only after final selection of the promoter by the SSC and before the first release fund is made.
  4. The promoter agency will form a Special Purpose Vehicle (SPV), before the release of the first installment of funds, possibly a Section-8 Company or a Producer company under the Companies Act, 2013 for putting up the integrated model of solar charkhas, solar looms, sewing machines etc. with one village being a focal village.