LOAN SCHEMES & IMPORTANT
MAIN LOAN SCHEMES
1. GENERAL TERM
Term loan upto Rs. 20 crore for acquisition of land,
building and plant & machinery for any eligible industrial activity defined
under the SFCs Act for setting up a project in the manufacturing sector
including mining, wind farm and individual wind turbine generator.
2. SCHEME FOR
A. HOSPITALS AND NURSING HOME:
Loan to cover investment in land, building, electro-medical
equipments, instruments, furniture, air- conditioners, small generators etc. for
Hospital l/ Nursing Homes.
B. TOURISM SECTOR:
Loan for Hotel, Restaurants, Resorts, Amusement Park, Guest
Houses, Drive-in-Cinemas, Multiplexes and Tourism related activities in
Rajasthan for acquisition of Land, Building, Kitchen equipments, Office
equipments, AC, Interior decoration, Furniture & Fixtures, Health Club,
Swimming Pool, etc.
C. INFORMATION TECHNOLOGY :
Loan may be sanctioned to promote all type of
projects/activities related to Information Technology. However,
Educational/Training Institutes shall be outside the purview.
FOR TEXTILE INDUSTRY UNDER TECHNOLOGY UPGRADATION FUND (RTUF):
To provide encouragement to textile industrial units in the
small scale/medium scale sector for taking up technology up-gradation. The
scheme envisages interest incentive of 5% points on the loans availed by SME,
however, for the spinning machinery the reimbursement will be 4% points only.
4. SARAL SCHEME FOR
SME SECTOR (EXISTING INDUSTRIAL RUNNING UNITS)
Loan from Rs. 2 lacs to Rs. 10
crore (upto the extent of 60% of MRV of land and building for FY 2011-12) is
available to the existing industrial running units in the micro, small and
medium scale sectors and all existing running hotels located at District Head
A scheme for small borrowers to ensure adequate finance by
providing single window facility for availing of Term Loan for fixed assets and
Working Capital finance from one institution only.
Project cost should not exceed Rs 200 lacs.
FOR FINANCING AGAINST ASSETS :
Loan upto Rs 10.00 crores to industrial concerns of MSME and
CRE Sector for meeting their industrial financial requirements provided the
prime security is mortgaged to the Corporation under first charge is free from
FOR CRE PROJECTS :
Loan for construction of commercial
complexes, showrooms and sales outlets independent of hotel business.
Financial assistance may be granted to
eligible borrowers for cost of land, construction of building for housing
complexes / apartments (commercial cum residential complex), acquisition of
required plant and machinery / equipment like lifts, air conditioning plant and
fire fighting equipments, other safety devices and also other plants and
equipments required for modern type of housing complexes and flats.
FOR QUALIFIED PROFESSIONALS :
Assistance to qualified professionals in the field of
management, accountancy, medicine, architecture, engineering, law etc. for setting
up professional practice/consultancy ventures for the first time. The cost of
the project should be need-based and not exceeding Rs.20.00 Lac.
9. TOP-UP LOAN SCHEME FOR EXISTING BORROWERS:
Top-up loan on easy terms and
conditions and with simplifies procedure, is available for existing financed
and running units (excluding Good Borrowers and Real Estate cases) which are
having standard account and repaid at least 4 quarterly installments regularly.
TO UNITS INTENDING TO SWITCHOVER THEIR LOAN ACCOUNTS FROM BANKS AND OTHER
FINANCIAL INSTITUTIONS TO RFC:
Loan for repayment of outstanding
loan of the other FIs/ Banks and for acquisition of further fixed assets for
modernisation, diversification, expansion etc.
FOR GOOD BORROWERS :
Attractive loan schemes for
existing Good Borrowers of the Corporation and Good Borrowers of other
Financial Institutions on very liberal terms and conditions. The main schemes
are as under:-
- SHORT TERM LOAN : Speedy sanction and
disbursement for expansion, modernisation, replacement, diversification
and purchase of balancing equipments.
- UNIT PROMOTED BY GOOD BORROWER: Financing for
new unit promoted by the existing good borrower on attractive rate of
- WORKING CAPITAL TERM LOAN: For providing working
capital term loan to meet out the gap in their working capital requirement
and the available bank limit.
- WORKING CAPITAL TERM LOAN TO NON ASSISTED UNITS:
For providing working capital term loan to meet out the gap in their
working capital requirement and the available bank limit.
- SPECIAL WORKING CAPITAL TERM LOAN : For
acquisition of diamond blades and / or segments, Back-up roll, work-roll
and bearings, replacement of card clothing, replacement of machinery part
of textile unit and SS rolling mills etc.
- GOLD CARD: Speedy and easy sanction for
acquisition of fixed assets and/ or meet out working capital requirement.
- PLATINUM CARD: Speedy and easy sanction for
acquisition of fixed assets and/ or meet out working capital requirement.
- FLEXI LOAN :
A unique scheme for the good borrowers where Corporation shall
provide financial assistance totally flexi in nature i.e. the loan
sanctioned can be withdrawn and deposited within LDR any number of times to meet immediate requirement either for
acquisition of fixed assets, working capital or for both without going
into detail appraisal.
- FLEXI LOAN FOR NEW BORROWERS : A unique scheme for the non assisted
having proven track record, where
Corporation shall provide financial assistance totally flexi in nature
i.e. the loan sanctioned can be withdrawn and deposited within LDR any
number of times to meet immediate
requirement either for acquisition of fixed assets, working capital or for
12. Special Loan Scheme for marble Processing Units having import licence
The Government of India has recently issued Import License to selected marble processing units for importing marble blocks. Import of marble blocks requires huge capital involvement in terms of working capital to meet out cost of raw material, transportation, processing, trade credit cycle etc.
Considering the requirements of the existing borrowers having license for importing marble blocks and also the feed back received from the field offices, it has been decided to launch a new scheme namely Special Loan Scheme for Marble Processing Units having Import License for providing financial assistance to marble processing units having import license. The purpose of loan shall be for importing marble blocks, for creation of fixed assets (or both), transportation, processing etc., In addition to our existing borrowers, financial assistance shall also be considered to the units who intend to switch over their loan account from other FIs/Banks and are having Import License. Under this new scheme no detailed appraisal shall be undertaken but adherence of financial norms given in the scheme is to be ensured.
Note: Above contents
are for general information and may not be considered as norms for sanction of
Ø Financial assistance ranging from Rs
2000 to Rs. 20.00 crore.
Ø Joint projects with other FIs,
Commercial Banks and RIICO
Proprietary and Partnership Units/
Upto Rs 8.00 crore
Companies & Co-operative
Societies having net worth not exceeding Rs 30.00 crore
Upto Rs. 20.00 crore
Min.33% of project cost
Debt Equity Ratio
Not more than 2:1
Debt Service Coverage Ratio
Not less than 1.7:1
On fabricated items, dies, moulds, furniture etc.
Normally 5 to 7 years, including moratorium period of 6 to
18 months, depending upon the cash generation of the project.
INTEREST: As applicable from time to time
SECURITY: As per the guidelines and risk
rates of interest are as applicable from time to time and are subject to change
as per norms/notification.
information detailed herein is of general nature and should not be taken as the
norms/rules of the Corporation for grant of loan and is subject to change
without prior notice.