Yupia, Oct 13: On finding several discrepancies in the Deen Dayal Upadhaya Swalamban Yojana applications submitted , resulting in rejection of majority of the applications at the banker level, the Deputy Commissioner Papumpare, Sachin Rana has extended the dates for finalization of the beneficiary list to October 21 next in an order issued today.
The order also stated that most of the applications were rejected due to improper project cost estimation and breakup of the project cost, loan component, entrepreneurs contribution and the subsidy amount. As per the DDUSY the maximum project cost is Rs.50 lakhs out of which 30 to 50 percent would be the loan component, 10 to 30 percent the entrepreneur’s contribution and the remaining 40 percent shall be the subsidy amount to the beneficiaries.