CREDIT SCHEME FOR BUILDERS/ COMMERCIAL/RESIDENTIAL COMPLEXES
Loan scheme by RIICO, to promote business and industries in the state. The key features of the loan scheme are enlisted below:
- To provide quick finance to builders to take up commercial/ residential complexes to meet the land cost, civil works and utility equipment like lift, DG Set, etc.
- For purchase of land from local authority/Govt. authority/RSHB/ RIICO and private parties.
┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á┬á Assistance will be available to the units having:
- Clear, valid and mortgage-able land title.
- Approved building plan from appropriate local authority.
- Satisfactory credit reports and/or record of repayment with financial institutions/banks.
- Loan of up to 80% of the total value of land.
- Not more than 1.5 times of the total contribution by promoter.
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