ARF (NFS) - Integrated Loan Scheme (ILS)
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.
Eligible borrowers are individual artisans group of individuals craftmen, partnership firms etc.
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.
Nature of assistance
Loans to meet Block capital,Block capital and capitalized working capital.
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.
The maximum loan eligible is Rs 20 lakhs with a project outlay of Rs 30 lakhs.
Upto 15% or as amended by NABARD from time to time
The loan should be repaid in 3-10 years including morotorium of upto 18 months.
Interest rate will be fixed by KSCARDBank from time to time in accordance with the guide lines 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 particulars of loans disbursed in duplicate should be furnished in the prescribed formats by implementing PCARDBS.