Term Loan

Term loans are available to tribal beneficiaries for setting up their viable Income Generating Ventures in any of the sectors viz. Industrial, Agricultural and Service Sector. 

The loans are given based on requirement of the unit through State Channelizing Agencies. The beneficiaries have to full fill the eligibility criteria of the SCAs and comply with the terms and conditions of the lending by the SCA.

Unit Cost

Viable Projects/Units costing up to Rs. 25.00 lakhs

Quantum of Loan Assistance

Upto 90% of unit cost is provided by NSTFDC as term loan

Promoters Contribution:

 

Cost per Unit

Minimum Contribution

a)

Upto Rs. 1.00 Lakh

Not to be insisted upon

b)

Above Rs. 1.00 lakh and upto Rs. 2.50 lakh

2%

c)

Above Rs. 2.50 lakh and upto Rs. 5.00 lakh

3%

d)

Above Rs. 5.00 lakh

5%

Interest Rate

Loan Amount

SCA

Beneficiaries

Term Loan up to Rs. 5.00 lakh

3%

6%

Upto 10.00 lakh

5%

8%

Above 10.00 lakh

7%

10%

Repayment Period

The loan is to be repaid in quarterly installments within a maximum period of 5 years including moratorium period . In case of refinance, it will be linked to repayment period fixed by Banks.