TERM LOAN
(i) UNIT COST
NSFDC provides term loan for project(s)/unit(s) costing upto Rs.30.00 lakhs.
(ii) QUANTUM OF ASSISTANCE
NSFDC provides term loan upto 90% of the cost of project, subject to the
condition that the SCAs contribute their share of assistance as per their
schemes and also provide the required subsidy besides tying up of the financial
resources from other sources available.
(iii) PROMOTER’s CONTRIBUTION
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Sl. No.
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Project/Unit Cost
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Minimum Promoter’s Contribution as %age of Project Cost
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(a)
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For Projects costing upto Rs.1.00 lakh
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Not to be insisted upon
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(b)
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For Projects costing above Rs.1.00 lakh and upto Rs.2.50 lakh
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2%
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(c)
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For Projects costing above Rs.2.50 lakh and upto Rs.5.00 lakh
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3%
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(d)
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For Projects costing above Rs.5.00 lakh and upto Rs.10.00 lakh
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5%
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(e)
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For Projects costing above Rs.10.00 lakh and upto Rs.20.00
lakh
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7%
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(f)
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For Projects costing above Rs.20.00 lakh and upto Rs.30.00
lakh
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10%
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Note: Under the Central-Sector Scheme of Special Central Assistance
to the Scheduled Castes Sub Plan, the Below Poverty Line (BPL) Beneficiaries
are eligible for subsidy @Rs. 10,000/- or 50% of the unit cost, whichever is
less.
(iv) INTEREST RATES
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Sl. No.
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AMOUNT OF LOAN PER UNIT/PROFIT CENTRE (NSFDC’s SHARE)
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INTEREST PER ANNUM CHARGEABLE TO*
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SCAs
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Beneficiaries
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(a)
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Upto Rs.5.00 lakh
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3%
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6%
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(b)
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Above Rs.5.00 lakh and upto Rs.10.00 lakh
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5%
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8%
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(c)
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Above Rs.10.00 lakh and upto Rs.20.00 lakh
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6%
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9%
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(d)
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Above Rs.20.00 lakh and upto Rs.27.00 lakh
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7%
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10%
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* The above rates of interest are not on slab basis.
(v) REPAYMENT PERIOD
Term loan is to be repaid in quarterly/half yearly/yearly instalments, within a
maximum period of 10 years (including moratorium period).
SEED CAPITAL
(i) UNIT COST
NSFDC provides Seed Capital Assistance for projects costing upto Rs.50.00 lakhs
per unit/profit centre.
(ii) QUANTUM OF ASSISTANCE
Seed Capital Assistance is provided to bridge the gap in promoter’s equity upto
80% of such equity or Rs.10.00 lakhs per unit/profit centre, whichever is less.
(iii) INTEREST
NSFDC shall levy interest @ 1% per annum from the SCAs, which in turn, shall
charge interest @ 2% per annum from the beneficiaries.
(iv) REPAYMENT PERIOD
Seed Capital Assistance is to be repaid within 5 years from the date of first
disbursement. Repayment would start after a moratorium period of 2 years
from the date of each disbursement. In cases where Seed Capital
Assistance remains unpaid beyond 5 years, the same may, at the sole option of
NSFDC,be converted into Term Loan on expiry of the 5th year at
the interest rate applicable on term loan and shall be repaid within a period
of 5 years thereafter, in equal quarterlyy instalments from the date of
its conversion into term loan. Rate of interest on term loan shall be
based on the quantum of loan outstanding at the time of coversion.
(v) Applicant whose projects have been approved for Seed
Capital Assistance shall not be eligible for any other financial
assistance from the NSFDC.
BRIDGE LOAN
(i) UNIT COST
NSFDC provides Bridge Loan against investment subsidy (or any other source of
fund) sanctioned by recognized agencies for projects costing upto Rs.30.00
lakhs, but not disbursable within the implementation-period of the project.
(ii) INTEREST RATES
Interest rates on Bridge Loan shall be the same as that of term loan.
(iii) REPAYMENT PERIOD
The concerned financial agencies shall ensure to release of funds directly
to the concerned SCAs within a maximum period of 2 (two) years from the date of
first release of the Bridge Loan by the NSFDC.
WORKING CAPITAL LOAN
(i) UNIT COST
(a) For projects/units costing upto Rs.3.00 lakhs, entire
Working Capital may be taken as part of the cost of project.
(b) For Project/Units costing above Rs.3.00 lakhs and upto Rs.30.00
lakhs, working capital margin being the proposed beneficiaries/promoters
contribution as required by the third party financial institution alone, shall
be considered as part of the project cost.
(ii) QUANTUM OF ASSISTANCE
NSFDC may, in suitable cases, provide Working Capital Loan upto 70% of the
total Working Capital Loan Requirement or Rs.7.00 lakhs/unit, whichever is
less.
(iii) INTEREST RATE
NSFDC shall charge interest @ 8% p.a. from the SCAs, which is turn, shall
charge 10% p.a. from the beneficiaries.
(iv) REPAYMENT PERIOD
State Channelising Agencies and promoters shall ensure that the Working Capital
Loan sanctioned by the NSFDC is taken over by banks or any other sources
within 2 years from the date of first disbursement of Working Capital Loan
by the NSFDC. All dues on this account should be repaid back to the NSFDC
within 2 years.
(v) Working Capital Loan shall be considered only for Projects availing
term loan from the NSFDC.
MICRO-CREDIT FINANCE SCHEME
(i) UNIT COST
NSFDC provides Micro Credit Finance for units costing upto Rs.30,000/-
(ii) QUANTUM OF ASSISTANCE
NSFDC provides loans upto Rs.90% of the Project Cost. However, under the
Central-Sector Scheme of Special Central Assistance to the Scheduled Castes
Sub Plans, the Below Poverty Line(BPL) Beneficiaries are eligible for
subsidy @ Rs.10,000/- or 50% of the unit cost, whichever is less.Wherever the
Beneficiaries are not provided subsidy,the SCAs shall provide their share of
Margin Money.
(iii) INTEREST RATES
The NSFDC shall charge interest @ 2% p.a. from the SCAs, which in turn, shall
charge 5% p.a. from the Beneficiaries.
(iv) REPAYMENT PERIOD
Loan under Micro-Credit Finance is to be repaid in quarterly-instalments within
a maximum period of three years from the date of each
Disbursement, including the moratorium period of 90 days for fund
utilisation.
v) On repayment of loans under Micro-Credit, through the concerned
SCAs, the eligible beneficiaries can avail any loan under NSFDC scheme.
MAHILA SAMRIDDHI
YOJANA
(i) UNIT
COST
NSFDC provides loan under Mahila Samriddhi
Yojana for units costing upto Rs. 30,000/-
(ii) QUANTUM OF ASSISTANCE
NSFDC provides loans upto 90% of
the Project Cost. However, under the Central-Sector Scheme of Special
Central Assistance to the Scheduled Castes Sub Plan,
the Below Poverty Line (BPL) Beneficiaries are eligiblefor subsidy
@ Rs.10,000/- or 50% of the unit cost, whichever is less.
Wherever the beneficiaries are not provided subsidy, the SCAs
shall provide their share of Margin
Money.
(iii)
INTEREST RATES
NSFDC shall charge
interest @ 1% from the SCAs, which in turn, shall charge 4% from the
Beneficiaries.
(iv) REPAYMENT PERIOD
Loan under Mahila Samriddhi Yojana
is to be repaid in quarterly instalments within a maximum
period of three years(including the moratorium period of 90 days for
fund utilisation).
(v) On
repayment
of loan under Mahila Samriddhi Yojana through the concerned
SCAs,, the eligible beneficiaries can avail any loan under
NSFDC schemes.
MAHILA KISAN
YOJANA
(i)
UNIT COST
NSFDC provides
loan under Mahila Kisan Yojana for project(s)/unit(s)costing
upto Rs.50,000/-. Under this scheme, loans
are provided to women beneficiaries to take up Income
GeneratingVentures in Agriculture and/or Mixed Farming related
economic activities.
(ii) QUANTUM OF ASSISTANCE
NSFDC provides loans
upto 90% of the Project
Cost.
(iii)
SUBSIDY
Under the Central-Sector Scheme
of Special Central Assistance to the Scheduled Castes
Sub Plan, the Below Poverty Line (BPL) beneficiaries are
eligible for subsidy @ Rs.10,000/- or 50%of the unit cost, whichever
is less. Wherever the beneficiaries
are not provided subsidy, the State Channelising
Agencies (SCAs) shall provide their share of Margin
Money.
(IV)
INTEREST RATES
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Sl.
No.
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Amount
of Loan per
Unit/Profit Centre (NSFDC's
Share)
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Interest Rates Per Annum chargeable
to *
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SCAs
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Beneficiaries
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(i)
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Upto
Rs.45,000/-
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2%
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5%
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(v)
REPAYMENT PERIOD
Loan under Mahila KisanYojana
is to be repaid in quarterly instalments. within a period
of 10 years(including moratorium period of one
year).
