RIICO for the development of industries in the state is giving loans on prevailing rates for setting up of new project(s)/ expansion/modernization/diversification. Investment in land, buildings, plant & machinery, misc. fixed assets, margin money for working capital, etc.
- Minimum project cost of Rs. 1 crore for industrial, commercial and infrastructural projects.
- Security Margin of Minimum 25% and Promoter’s Contribution of minimum 30%
Loan on prevailing interest rates. Repayment in 7-8 years in quarterly instalments including moratorium of 1 year, depending on cash flow
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