Overview
Cotton Wicks Manufacturing: Industry Overview
Cotton wicks are an essential component in the production of candles, oil lamps, and other lighting products. As the demand for traditional lighting products, especially candles, continues to grow, so does the need for high-quality cotton wicks. Cotton wicks are valued for their ability to burn cleanly, provide a steady flame, and work efficiently with various wax types. The cotton wicks manufacturing industry offers a range of opportunities for businesses to supply both domestic and global markets.
Subsidy Benefits for Cotton Wick Manufacturers
Subsidies for cotton wick manufacturers help reduce startup and operational costs. Financial support can be used for sourcing raw materials like cotton, purchasing machinery, and improving the manufacturing process. These funds also enable businesses to increase production volume, improve product quality, and meet the rising demand for cotton wicks in the candle and oil lamp industries.
Who Can Apply for Subsidy?
• Entrepreneurs starting cotton wick manufacturing units.
• Existing manufacturers looking to expand or diversify product offerings.
• Small and medium-sized enterprises (SMEs) in the candle or oil lamp industry.
• Businesses with a focus on product quality and sustainability.
Eligibility and Document Requirements for Subsidy
1. Business Registration: A valid business registration certificate or partnership agreement.
2. Manufacturing Setup: Documentation of the manufacturing unit, equipment, and production capacity.
3. Financial Statements: Balance sheets and profit & loss statements for the last 2-3 years.
4. Raw Material Sourcing: Proof of sustainable sourcing of cotton or other raw materials.
5. Tax Compliance: GST registration and tax records.
6. Subsidy Application Form: A completed form with a detailed business plan and subsidy utilization strategy.
Why Choose Dhannaseth for Your Cotton Wick Manufacturing Subsidy?
Dhannaseth offers a straightforward subsidy application process with expert advice at every step. We are committed to helping cotton wick manufacturers access the funding they need to expand production, improve quality, and meet growing demand from the candle-making and oil lamp industries.
Document
To apply for the Food Processing Scheme, the following mandatory documents are required for new enterprises (Individuals/Firms) as outlined in the manual
1. PAN Card of concerned/all promoters.
2.Aadhaar Copy & Photo of all promoters/guarantors.
3. Address Proof: Any of the Officially Valid Documents (OVD) such as:
o Utility bill (not more than two months old) from any service provider (Electricity, telephone, post-paid mobile phone, piped gas, water bill).
o Property or Municipal tax paid receipt.
o Ration Card (Individual).
o Driving Licence
o Aadhaar Card.
o Voter ID Card.
4. Details of the site where the unit is to be established, including whether it is owned/rented/leased, along with proof (Lease/rent agreement should be for more than the loan repayment period).
5. Photocopy of Bank
6. Estimates and Quotation of all capital expenditure and machinery and equipment to be purchased. Statement/Bank Passbook for the last 6 months.
For existing enterprises with a turnover of less than 1 crore, similar documents are required, including PAN Card, Aadhaar, address proof, and site details.
If you need more specific information or additional documents, please let me know!
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