Project Report For DIC Loan

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What Is DIC Loan?

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The District Enterprises Centre (DIC) is a government-funded programme that promotes small village and cottage industries in a specific region. Since its inception in 1978, the DICs have been built in a variety of districts throughout India at various times. The District Industries Centres, which are formed at the district level, provide all of the required services and assistance to entrepreneurs in order to enable the establishment of MSMEs (Micro, Small and Medium enterprises). The Centre came up with the idea of establishing District Industries Centres since there was a need for industries to flourish at a quicker rate.

The economy had reached a stalemate, and it was considered that it needed to be revitalised and shifted away from agriculture and toward industry. As a result, the Centre created District Enterprises Centres in several districts around the country to help speed up the formation and development of industries.

Because it is a central sector system, it is entirely supported by the federal government, with no contribution required from the states.