Scheme Sponsor: Directorate of Industries and Commerce
Mode of Assistance: Financial Assistance
Target Group: Workers in the Unorganized Sector

About the Scheme:
The Government of Kerala intends to form one or more Industrial Co-operative Societies
within the territorial boundaries of each Local Self Government Institution in the State. Those
working in various occupations have stepped forward to achieve the target. The goals of this
initiative are to improve employment opportunities for skilled workers in Kerala’s
unorganized sector, train unskilled workers to become experts in relevant fields, supply
workers with the necessary tools for their jobs, and create a more work-friendly environment
for the community. The Department of Industries has developed a financial assistance
program by the government to support Industrial Co-operative Societies that serve the
underprivileged by offering skilled and unskilled labor from a variety of industries. The
benefits of this scheme are available to industrial co-ops that were established with the goals
of improving employment prospects for workers in the unorganized sector and integrating
skilled laborers into the workforce through skill development programs. Additionally,
workers in the unorganized sector who are technically inclined, semi-skilled, or unskilled and
possess technical skills certificates should comprise the membership of the Skill Enterprise
Development Co-operative Societies.

Assistance Pattern:

• The maximum benefit per society under this scheme will be Rs.2 lakhs. However, the amount of financial assistance will be determined only subject to the submitted documents, information and other terms and conditions of guidelines. 78% of the total allocation will be for fixed asset creation, 20% for working capital and 2% for training.
• The number of members in the group will also be taken into account to calculate the financial benefit to the group. There should be 100 active members to be eligible for the maximum benefit of Rs.2 lakh. Financial assistance will be decrease in proportion to the decrease in membership.
• Societies which do not receive maximum benefit due to less membership will be entitled to the remaining amount of financial assistance as long as the scheme exists, if the membership rises above the prescribed criteria. But in any case, it will not allow more than two times.
• The societies which availed the assistance for raising fixed capital assets should be calculated as 80% of the amount and balance amount other than grant amount may be arranged by the society. The amount received by the group for raising fixed capital assets should be calculated as 80% of the amount and the remaining 20% should be found on its own.
• Working capital will be sanctioned at the rate of Rs.1000 / – per number of active members.
• The grant sanctioned to the society shall be released through the bank A/C jointly by the society & General Manager, District Industrial Centre and will be withdrawn only with the permission of the General Manager, DIC.

Requirements for Application:

• Copy of previous year Audit certificate/Financial statement
• List of work days of each member in previous year(monthly)
• Details of required components for financial assistance

More information on : https://industry.kerala.gov.in/index.php/schemes-
mainmenu/assistance-to-industrial-cooperative-societies-schemes
APPLY ON : https://schemes.industry.kerala.gov.in/public/index.php/schemes