Credit Line - 1

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

  Credit Line - 2
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