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Normal Financing Scheme for Fixed Assets Single Window Scheme(FATL & WCTL) Seed Capital Scheme from Central Govt./ SIDBI/NEF/MUM Financing to Construction Activities Financing to Entertainment Sector Financing to Technology Upgradation of Central Govt./SIDBI/RTDM /TUFS/ Tannery Modernization
Credit Link Capital Subsidy Scheme for Technical Upgradation of SSI Units Capital Investment Subsidy Scheme for Construction/Expansion/ Modernization of Cold Storage for Horticulture Produce Financing Assistance to Doctors Under NEF |
Scheme for financing to Construction Activities.
Private Builders/Developers are eligible for loan assistance for construction of Commercial Projects provided they have proven sound financial & marketing track record of at least 3 years with rising turnover & profits. The entrepreneur must have done atleast one major project successfully for being eligible under the scheme.
· Minimum promoter’s contribution shall be 50% of the cost of project, which will include cost of land and construction thereupon. · Debt Equity Ratio is 1 : 1. · Ist charge on tangible/collateral security along with personal guarantee of all the promoter directors. · The minimum security debt ratio is to be maintained at 2.5 : 1. · The financing would be done under structural/obligatory route whereby the borrower shall open an escrow account wherein all proceeds received from the customer would be deposited. · The repayment period would be in between 36 months to 60 months with a gestation period of 12 months. · There is a ceiling of Rs. 100.00 lacs for proprietorship/partnership firm and Rs. 300.00 lacs to private/public Ltd. Company. · Trust ,cooperative societies and other entities shall not be eligible. · The Borrower should have a market tie up before sanctioning loan under this scheme. Guaranteed revenue model from its existing complex for the repayment of loans & interest their on through escrow account.
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