The Scheme: The scheme of assistance
is for construction of commercial
complexes / convention centers / community halls / marriage halls.
Proprietary, Partnership & Limited Companies shall
be eligible for assistance.
3. Purpose of
Financial assistance will be considered for construction
of building and all essential equipments
required for the project except land.
4. Quantum of assistance:
5. Promoters' Contribution:
Promoters Contribution shall be 35% minimum.
6. Debt Equity Ratio:
DER shall be 2 : 1 maximum.
7. Rate of Interest : PLR +
- Repayment will be for 8 years
including moratorim period of 2 years
- If the commercial complex is built
partly for outright sale, the repayment
will be 4 years.
Collateral security will have to cover
50% to 100% of loan amount depending upon
the project size, location and other