Qualification or eligibility under the Yarn Bank Scheme

  • At least 11 individuals needed to frame Special Purpose Vehicle (SPV)
  • The Members of SPV ought to be Powerloom Weavers, Master Weavers, Co-usable Societies, Private Entrepreneurs, NGO's working for Powerloom Sector
  • SPV needs to give Bank Guarantee to the degree of 25% of Govt. of India share
  • SPV will arrange their own funds equivalent to Government commitment.
  • SPV will rotate the corpus fund including their commitment atleast 4 -5 times in a year.