This scheme is for individual beneficiaries. Under the Business Loan Scheme, projects costing up to Rs. 20.00 Lakhs are considered for financing. NMDFC provides loan to the extent of 90% of the project cost subject to a maximum of Rs. 18.00 lacs. The remaining cost of project is met by the RMFDCC and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost. The rate of interest charged from the beneficiary is 6% p.a. on reducing balance method.
Assistance under Business Loan Scheme is available for any commercially viable and technically feasible venture, which for the purpose of convenience, are classified into the following sectors.
- Agriculture & allied
- Technical trades
- Small business
- Artisan and traditional occupations, and
- Transport and services sector
|
S. No. |
Parameters |
Scheme Details |
|
1. |
Loan Amount |
Up to Rs. 20.00 Lakhs |
|
2. |
Rate of Interest for beneficiaries |
6% p.a. |
|
3. |
Rate of Interest for SCAs |
3% p.a. |
|
4. |
Moratorium period |
6 months |
|
5. |
Repayrnent period for beneficiaries |
5 years |
|
6. |
Repayment period for the SCAs |
8 years |
|
7. |
Means of Financing NMDFC: SCA:Benef. Contribution |
90 : 5 : 5 |
|
8. |
Utilization Period 3 Months |
3 Months |
Under the Credit Line -2 of Business Loan Scheme, projects costing up to Rs. 30.00 Lakhs are considered for financing. NMDFC provides loan to the extent of 90% of the project cost subject to a maximum of Rs. 27.00 lacs. The remaining cost of project is met by the RMFDCC and the beneficiary. However the beneficiary has to contribute minimum of 5% of the project cost. The rate of interest charged from the beneficiary is 8% p.a. on reducing balance method for male beneficiaries & 6% p.a for women beneficiaries.
|
S. No. |
Parameters |
Scheme Details |
|
1. |
Loan Amount |
Up to Rs. 30.00 Lakhs |
|
2. |
Rate of Interest for beneficiaries |
8% p.a. for male beneficiaries 6% p.a for women beneficiaries |
|
3. |
Rate of Interest for SCAs |
3% p.a. |
|
4. |
Moratorium period |
6 months |
|
5. |
Repayrnent period for beneficiaries |
5 years |
|
6. |
Repayment period for the SCAs |
8 years |
|
7. |
Means of Financing NMDFC: SCA: Benef. Contribution |
90 : 5 : 5 |
|
8. |
Utilization Period 3 Months |
3 Months |