Beneficiary of Annal Ambedkar Business Champions Scheme makes a profit of ₹8 lakh
The Hindu
Amudhavalli benefits from Annal Ambedkar Business Champions Scheme, receives loan for textiles, earns profit of ₹8 lakh.
K. Amudhavalli, of Andankoil in Karur district, has become the latest beneficiary of the Annal Ambedkar Business Champions Scheme, which has helped her make textiles worth ₹30 lakh.
An official release said Ms. Amudhavalli approached the District Industries Centre (DIC) seeking a loan for her business. On the DIC’s recommendation, Indian Overseas Bank gave her a loan of ₹9.87 lakh under the Annal Ambedkar Business Champions Scheme.
She got a 35% capital subsidy and a 6% interest subvention for loans from the State government. “She was involved in textiles. Her products sold to the tune of over ₹30 lakh, and she earned a profit of ₹8 lakh,” the release said.
The release said Ms. Amudhavalli thanked Chief Minister M.K. Stalin as she was able to obtain loan through the DIC.
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