“Saubaghya” SME loan Scheme
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Purpose of the Loan |
Development of Small and Medium Industries |
Eligible Activities |
Micro/ SME/ Projects |
Eligible Borrowers |
Individuals Registered Companies, Plantation Companies |
Loan Amount |
Rs 200,000/ = to Rs 25 Mn |
Re payment Period |
05 years |
Grace Period |
06 months |
Rate of Interest |
6% per annum |
Equity Contribution |
15% |
Security |
Up to 2 Mn- Guarantor
2Mn>25Mn- Property Mortgage
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Area of Operation |
Island wide
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