ARF (NFS) - Integrated Loan Scheme
(ILS)
1. Objective: The object of the scheme is to provide credit for any industrial activity approved by Development commission of SSI,GOI with a project outlay of Rs 30
lakhs.
2. Eligible borrowers: Eligible borrowers are individual artisans group of individuals
craftmen, partnership firms etc.
3. Eligible activities: All manufacturing, processing, activities as approved by Dev:commissioner SSI,
GOI; modernization/rennovation/expansion/diversification of existing
units, any service activity aiding rural industries, any infrastructural support activity as approved by NABARD ie marketing outlet etc.
4. Nature of assistance: Loans to meet Block capital,Block capital and capitalized working capital.
5. Item of investment: It include project formulation and consultary charges,cost of purchased land/site development
works,- shed, plant & machinery, tools and equipment,
preliminary and pre operative expenses, working capital for one operating cycle capitalized, as tern loan &cost of technology upgradation.
6. Maximum loan: The maximum loan eligible is Rs 20 lakhs with a project outlay of Rs 30 lakhs.
7. Margin: Upto 15% or as amended by NABARD from time to time.
8. Repayment period: The loan should be repaid in 3-10 years including morotorium of upto 18 months.
9. Interest rate: Interest rate will be fixed by KSCARDBank from time to time in accordance with the guide lines issued by RCS/NABARD/RBI.
10. Security: As fixed by the apex bank in the respective loan rules,in accordance with the guidelines issued by RBI/NABARD/RCS.
11. Reporting system: The monthly particulars of loans disbursed in duplicate should be furnished in the prescribed formats by implementing PCARDBS.
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