ARF (NFS) - Composite Loan Scheme (CLS)
The object of the scheme is to provide credit for any industrial activity approved by Development commissioner SSI, GOI in the small scale sector; for providing marketing support to rural produce for purchase of mobile sales van, mobile sales carts and static sales kiosks etc.
Eligible borrowers will be Rural artisans, handicraftmen, small entreprenours, group of individuals, partnership firms etc.
All manufacturing processing activities as approved by Dev: commissioner SSI GOI, modernization/ renovation/ expansion/ diversification of existing units / any service activities aiding rural industries and household services/ any infrastructure support activity as approved by NABARD (ie.mobile/static cars and kiosks, workshed, marketing outlets).
Nature of assistance
Loans to meet block capital, Block capital with capitalized working capital.
Item of investment
It include work shed, plant & machinery ,Tools & equipments, working capital for one operating cycle capitalized as term loan and additional working capital for next 4yrs,capitalized as term loan.
The maximum loan eligible is Rs 10 lakhs under CLS(NFS).
15% to 25%
The loan should be repaid in 3-10 yrs including moratorium upto 18 months
Interest rate will be fixed by KSCARDB from time to time ,in accordance with the guidelines issued by RCS/NABARD/RBI.
As fixed by the apex bank in the respective loan rules, in accordance with the guidelines issued by RBI/NABARD/RCS.
The monthly CLS loan disbursement progress statements should be furnished in the prescribed format.