1. Schemes for Marketing Activities:
Individuals / partnership concerns/ private/public limited companies experienced in marketing village and Small Industries (VSI) products.
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Purpose:
ADVERTISEMENTS:
For setting up new sales outlets or undertaking renovation/ expansion of existing outlets for marketing BSI products
2. Scheme for Infrastructure Development:
(a) Scheme for setting up of Industrial Estates:
Eligible borrowers:
ADVERTISEMENTS:
All forms of enterprises such as public/ private limited companies/partnerships, se proprietary etc.
Purpose:
Fro setting up of Industrial Estates for exclusive allotment of sheds/plots to SSI units.
Norms:
ADVERTISEMENTS:
Cost of project need based.
(b) Scheme for Development, Maintenance and Construction of roads:
Eligible borrowers:
Existing SSI units engaged in the activity and which have been in operation for at least 3 years profits in the last 2 years.
Purpose: For acquisition of capital goods/equipment required for he activity.
Norms: Loan limit need based.
3. Equity Type Assistance Scheme:
(a) Seed Capital Scheme:
Eligible Borrowers:
Technically or professionally qualified entrepreneurs or entrepreneurs with relevant experience or skills in industry/business.
Purpose:
To meet the gap in prescribed minimum promoters’ contribution and/or in equity.
Norms:
Scheme operated through SFCs/ DICs. Soft loan limit 10% of project subject to a maximum of Rs 15 lakhs.
Service charges:
Normal service charges of 1% per annum for the first 5 years and thereafter interest @ 10% p.a. will be levied on soft loan.
(b) National Equity Fund Scheme:
Eligible borrowers:
Small entrepreneurs for setting up new projects in tiny/small scale sector and rehabilitation of potentially viable sick SSI units irrespective of the location except for units in Metropolitan areas.
Existing tiny and small scale industrial units, service enterprises undertaking expansion, modernization, technology up gradation and diversification can also be considered irrespective of location the basis objective of this fund is to help in bridging the gap in entrepreneurs’ contribution for commencing a project or undertaking technological up gradation.
Purpose:
To meet gap in equity.
Norms:
Cost of purpose not to exceed Rs. 10 lakhs.
Soft loan limit:
25% of cost of project to a maximum of Rs. 2.5 lakhs per project.
Service charges:
1% p.a. soft loan.