Subsidy Scheme
MYSY Bank Follow-Up
After the District Working Group Committee selects your application, it still has to be sanctioned and disbursed by a bank — we follow up so it doesn't stall there.
Once the District Working Group Committee (under the District Magistrate) selects your MYSY application, it's forwarded to the financing bank branch, which sanctions and disburses the loan based on technical-economic feasibility. This bank-side stage is where many approved applicants still lose months to slow processing.
What we help with
- Tracking your file's status with the bank after committee selection.
- Following up on pending queries or additional documents the bank branch asks for.
- Coordinating the release of the state's margin money subsidy alongside loan disbursement.
- Escalating unreasonable delays through the right channel.
You've already done the hard part by getting selected — don't let bank-side delays cost you the loan.
Is your MYSY file stuck at the bank stage?
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