SIDBI – Make in India – Soft loan for MSME
Eligible: MSME – manufacturing or service sector
Scope: Term loan (Land, Building, Plant & Machinery)
Loan amount: New enterprise – Minimum Rs. 50 lakh
Existing enterprise – Minimum Rs. 25 Lakh
Interest rate: 8.27% onward
Loan giving agency: SIDBI
Promoter contribution: 15% of project cost up to Rs. 1 crore and above that then 20% subject to DER 3:1
Repayment: upto 10 years including moratorium 3 years
Security: 20% to 30% collateral as FD or property of loan
http://bit.ly/2yKqBc0
For more details contact at 9870148084