The Corporation extends financial assistance for infrastructure projects that could lead to industrial development

PURPOSE

For the development of

i.                     I.T.Park

ii.                   B.T.Park

iii.                  Roads & Bridges

iv.                 Parking Facilities

MAXIMUM LOAN

Registered companies and Co-op. Societies are eligible for finance upto Rs.500 lakhs.Proprietor and partnership firms can avail loan upto Rs.200 lakhs.

MINIMUM CONTRIBUTION

The Minimum contribution of the promoter shall be 33 1/3 to maintain a DER of 2:1

SECURITY FOR THE LOAN

The Borrower should offer collateral to cover 150% of the loan amount

MODE OF DISBURSEMENT

The loan amount will be disbursed in instalments according to requirement after verification/valuation.  If the promoter has brought in his contribution 50% of the loan can be released in advance and balance after verification

REPAYMENT PERIOD

The loan shall be repaid in 10 years. ( 2+8 years)