APPLICATION PROCEDURE FOR AVAILING ASSISTANCE UNDER MDA
The total amount of MDA on production will be claimed by the producing institution from the KVIC and will be distributed amongst the stake holders viz. spinners and weavers, producing institutions and selling institutions in the ratio 25%, 30% and 45% respectively. Producing institutions shall submit quarterly claim of MDA based on the actual production achieved during the preceding quarter of the financial year. The difference , if any, would be adjusted in the last quarter of the financial year on the basis of audited accounts by the Chartered Accountants. MDA shall be preferably reimbursed electronically by State/ Divisional office of KVIC on quarterly basis.
