RIICO, Rajasthan is providing loan to young or first generation entrepreneurs for setting up a new project (excluding real estate projects) covering investment in land, buildings, plant and machinery, miscellaneous fixed assets, margin money for working capital etc.
- The promoter should have Technical/Professional Degree in any field.
- Any individual promoter whose project/product is recognized from National Innovation Foundation/ any other similar institution of repute in country or abroad.
- Promoter having experience of at least 5 years in the related field irrespective of their qualification.
- Promoter, who already has any manufacturing unit with investment of Rs. 100 Lakhs and above, shall not be eligible under this scheme.
- Maximum Term Loan of Rs. 1000 Lakhs will be given to the promoter.
- Interest rate will be as per prevailing interest rate.
- The repayment period for loan amount will 7-8 years including moratorium of 1-2 years.
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