Purpose
For providing financial assistance to all manufacturing units with projects ranging from Rs.1 lac to Rs.50 lacs and service units for projects ranging from Rs.1 lac to Rs.25 lacs under MP This scheme is for setting of new units only
Eligibility
Age 18-40 years, educational qualification – min 12th pass, Income limit – family income of max Rs.12 lacs p.a. This scheme is applicable for Madhya Pradesh only. Udyam Registration Certificate is mandatory.
Nature of Facility
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WC & TL
Max Finance
Rs. 1 lac to Rs.50 lacs
Margin
20% to 25%
Interest Rate
Attractive rate of interest based on RBLR.
Loan Term
84 Months