Cooperative Industrial Estate

Cooperative Industrial Estate The objectives of promoting establishment of Industrial Estates in the Cooperative sector are to develop industrial clusters, particularly in rural areas near to the dwellings, of local artisans / entrepreneurs by providing necessary infrastructure thereby arresting migration of rural entrepreneurs to urban areas resulting into imbalance in the economic development of the rural areas of the State. This would also provide the necessary infrastructure at very reasonable cost and a large scale employment opportunities in rural areas. The Scheme was originally introduced in II Five Year Plan. Pattern of Assistance (20:20:60): The Co-operative Industrial Estate Society approved by the Govt. under the scheme is held eligible to raise funds for execution for its scheme, which comprises of costs of land levelling, roads, drainage, water supply, street lighting, administrative building & common amenities building and Indl. Sheds. The Co-op. Society shall have to raise 20% of the project cost as members’ redeemable share contribution, Govt. will make available equal (20%) contribution as Govt. share contribution and 60% of the project cost is to be made available from Financial Institution / Banks as long term loan on Govt. Guarantee. Eligibility Criteria for approval of Co-operative Industrial Estate: 1. Minimum of 2.00 Acres of land should be available for development, 2. At least 10 entrepreneurs should come together to form Society to promote Cooperative Industrial Society, 3. Initial membership share capital of Rs.10,000/- should be raised by the Society and, 4. Collection of Rs.10,000/- towards cost of the common development works shall be necessary. Modified Criteria for Greater Mumbai area: 1. Societies should acquire land on their own, 2. Raise 40% members’ capital towards redeemable construction shares for the establishment of Industrial Estate,

3. Societies are eligible to raise 60% of the cost of project scheme by loan from the financing institution against Govt. guarantee. 4. Organization of New Cooperative Industrial Estates under this scheme is not encouraged in Greater Mumbai area since last few years in the context of Industrial Location policy. Steps to set up Cooperative Industrial Estate: 1. Identification of site for setting up Cooperative Industrial Estate. 2. Techno-economic Survey of the proposed Industrial Estate.

3. Consent of District Planning and Development Council. 4. NOC from Directorate of Industries for registration of the Society. 5. Permission of the Competent Authority for opening account by Society. 6. Raising share contribution.

7. Registration of Co-operative Industrial Estate Society. 8 8. Preparation of Lay-out and Project Scheme, 9. Administrative approval from Industries Department Govt. of Maharashtra. 11. Approval to the lay-out and the Scheme by the concerned authorities i.e. Town Planning, PWD, District Deputy Registrar, Cooperative Societies and Directorate of Industries 12. Technical Approval to the Scheme by Govt. of Maharashtra., 13. Application for loan on Govt. guarantee from financial institutions / banks 14. Application for Govt. Matching Share Contribution Time Limits: (These are suggestive, the Branch may incorporate all the isues 1. NOC to register Co-operative Industrial Estate (CIE) Society is granted by General Manager, District Industries Centre within one month from the date of submission of application form, complete in all respects.

2. Permission to the proposed CIE Society for opening account in DCCB is granted by Taluka Assistant Registrar / District Deputy Registrar within one month from the date of submission of application form, complete in all respects. 3. Techno-economic survey is completed and submitted to proposed CIE Society by the General Manager, District Industries Centre, alongwith his comments & recommendations within one month. 4. The Administrative Approval is granted by the Govt. to the Society within one month from one month from receipt of the duly complete proposal from the Directorate of Industries. 5. The Technical Approval is granted to the society within one month from one month from receipt of the duly complete proposal from the Directorate of Industries.