“Saubaghya” SME loan Scheme
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| Purpose of the Loan |
Development of Small and Medium Industries |
| Eligible Activities |
Micro/ SME/ Projects |
| Eligible Borrowers |
Individuals Registered Companies, Plantation Companies |
| Loan Amount |
Rs 200,000/ = to Rs 25 Mn |
| Re payment Period |
05 years |
| Grace Period |
06 months |
| Rate of Interest |
6% per annum |
| Equity Contribution |
15% |
| Security |
Up to 2 Mn- Guarantor
2Mn>25Mn- Property Mortgage
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| Area of Operation |
Island wide
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