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RIICO

RIICO. FINANCIAL ASSISTANCE. Schemes for Financial Assistance.

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RIICO

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  1. RIICO FINANCIAL ASSISTANCE

  2. Schemes for Financial Assistance RIICO provides financial assistance by way of term loans for Industrial, Infrastructure and Commercial projects such as manufacturing, service establishments, bridges, roads, flyovers, power plants, multiplexes, commercial complexes, hotels, motels etc., to existing as well as new companies to meet their various financial requirements.

  3. Schemes for Financial Assistance Broad details of Financial Schemes of RIICO are as under

  4. Schemes for Financial Assistance Broad details of Financial Schemes of RIICO are as under

  5. Schemes for Financial Assistance Broad details of Financial Schemes of RIICO are as under

  6. Schemes for Financial Assistance Interest Incentive Scheme for Good Borrowers The Corporation grants incentive of interest rebate of 1% in case of borrowers meets following criteria of ”Incentive Scheme for Good Borrowers”: • Should be existing good category and standard asset of RIICO as well as other Financial Institutions. • The net worth and turnover should be Rs.100.00 lacs as per the last audited annual accounts. • Having three years satisfactory repayment record with financial institutions/banks. • Should have three years track record of consistent turnover and cash profits with good financial position. • Documented rate of interest under Good Borrower Scheme is 12.50% as on date and effective rate after rebate for timely payment is 11.5% p.a. Assistance to Builders, Commercial/Residential Complexes is not covered under this scheme.

  7. Prevailing Interest Rate and Rebate The present lending rate of interest of the corporation is 13.50% p.a. with a rebate of 2.00 % for timely repayment. The interest rate for Commercial & Real Estate Sector is 15.5% p.a. with a rebate of 0.50% for timely repayment.

  8. Details of Processing Charges

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