Term Loan
Term loans are available to tribal beneficiaries for setting up their viable Income Generating Ventures in any of the sectors viz. Industrial, Agricultural and Service Sector.
The loans are given based on requirement of the unit through State Channelizing Agencies. The beneficiaries have to full fill the eligibility criteria of the SCAs and comply with the terms and conditions of the lending by the SCA.
| Unit Cost | Viable Projects/Units costing up to ₹50.00 lakhs |
| Quantum of Loan Assistance | Upto 90% of unit cost is provided by NSTFDC as term loan |
| Promoters Contribution: | | Cost per Unit | Minimum Contribution | | a) | Upto ₹ 1.00 Lakh | Not to be insisted upon | | b) | Above ₹ 1.00 lakh and upto ₹ 2.50 lakh | 2% | | c) | Above ₹ 2.50 lakh and upto ₹ 5.00 lakh | 3% | | d) | Above ₹ 5.00 lakh | 5% | |
| Interest Rate | Loan Amount | SCA | Beneficiaries |
| Term Loan up to ₹ 5.00 lakh | 3% | 6% |
| Upto ₹10.00 lakh | 5% | 8% |
| Above ₹10.00 lakh | 7% | 10% |
| Repayment Period | The loan is to be repaid in quarterly installments within a maximum period of 5 years including moratorium period. In case of refinance, it will be linked to repayment period fixed by Banks. |