The maximum loan sanctioned under this scheme is up to Rs. 5 lacs. 50% of the amount is given by the bank, 40% is Central Corporation's share and 5% is from the State Corporation. Balance 5% goes to the beneficiary.

A 6% rate of interest is charged on the loan amount by the Central Corporation. The State Corporation loan carries the rate of interest @ 6%. Bank charges interest as per its terms and conditions.

The Corporation's loan recovery is made along with the bank's installments.

 

 

• Project Limit - up to 5,00,000/-
• Corporation's loan is 5% of Project limit.
• 6% Interest on the Corporation's loan.
• 40% of Project limit is contributed by Central Corporation.
• 6% Interest on the National Corporation's loan.
• On 50% of the Project amount sanctioned by Banks interest rate of 12% to 14% as per Bank's rules.
• Beneficiary's share 5%.
• Repayment of Bank Loan will be as per the Banks Terms and Conditions and repayment of Corporation's loan as per the terms and conditions of Corporation.
• Projects costing over Rs. 3 lacs will be taken under this scheme.

 

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