Bridge Loan

Bridge loan as a short-term loan are made available to eligible ST entrepreneurs who are arranging loan or subisidy for their project from other source or  securing other permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. The loans are short term, up to one year, with  high interest rate as charged for Term Loans  and are usually backed by some form of collateral such as real estate or inventory.

Also known as interim financing, gap financing or swing loans, bridge loans "bridge the gap" during times when financing is needed but is not yet available.  

National Scheduled Tribes Finance and Development Corporation (NSTFDC) provides Bridge Loan for any income generation scheme costing up to Rs. 25/00 lakhs per unit at interest as per term loan schemes