 |
| | | SCHEME
FOR ASSISTANCE FOR VETERINARY CLINICS | |
| |
|
Eligibility
| . |
New/
Existing veterinary clinics(project cost upto 25 lakhs).The promoter
should be graduate in Veterinary Science from a reputed University. |
MAXIMUM LOAN AMOUNT
| . |
For
projects costing upto Rs. 10.00 lakhs : 75 per cent of the estimated
project cost. |
| . |
For
projects costing above Rs. 10.00 lakhs : Two-third of the estimated project
cost. |
| . |
Margin
on security : Minimum of 15% of the asset value. |
| . |
The
loan amount is only for acquisition of fixed assets |
MINIMUM PROMOTERS CONTRIBUTION
| . | For
projects costing upto Rs.10.00 lakhs : 25 percent of the estimated project cost. |
| . |
For
projects costing above Rs 10.00 lakhs and up to Rs.25.00 lakhs
, One-Third of the estimated project cost. |
MAXIMUM
REPAYMENT PERIOD
. Upto
8 1/2 yrs.including a maximum gestation period of 1.5 yrs for starting the
repayment of principal amounts.
SECURITY FOR THE LOAN
| . | Primary
security: The fixed assets both existing and that acquired with the loan
like land , building , plant and machinery, equipments etc. |
| . | Collateral
cover : Between 50 to 100 per cent of the loan amount depending on the location,
promoters capability for investment, experience and expertise. |
| . |
Personal
Guarantee: Of all promoters,co-obligants and shareholders (having more
than 5 per cent share in the equity). |
All other standard terms prescribed for sanction by the Corporation would also
be applicable.
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