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Equipment Finance Scheme (EFS): Rajasthan Government

Equipment Finance Scheme (EFS): Rajasthan Government

scheme June 22, 2016 8 Views

Objective:

                Providing quick finance to well establish industrial units for acquisition of capital goods/ equipment not related to any specific project both indigenous and imported.

Eligibility:

  • Have been in operation for at least 4 years.
  • Have earned cash profits and/or have declared dividend on equity shares during preceding 2 financial years.
  • Not in default to financial institution(s)/ bank(s) in the payment of its dues.

Features:

  • Loan Limit: 4 Crores
  • Security Margin: 25 %
  • PromoterΓÇÕs Contribution: 22.5 %
  • Interest Rate: Prevailing Rate
  • Repayment Method: 5 years in quarterly instalments including moratorium of 6-12 months, depending on repayment capacity.

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