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Rajasthan: Loan Scheme For Young/First Generation Entrepreneurs



RIICO, Rajasthan is providing loan to young or first generation entrepreneurs for setting up a new project (excluding real estate projects) covering investment in land, buildings, plant and machinery, miscellaneous fixed assets, margin money for working capital etc.

Eligibility Criteria:

  • The promoter should have Technical/Professional Degree in any field.
  • Any individual promoter whose project/product is recognized from National Innovation Foundation/ any other similar institution of repute in country or abroad.
  • Promoter having experience of at least 5 years in the related field irrespective of their qualification.
  • Promoter, who already has any manufacturing unit with investment of Rs. 100 Lakhs and above, shall not be eligible under this scheme.

Benefits:

  • Maximum Term Loan of Rs. 1000 Lakhs will be given to the promoter.
  • Interest rate will be as per prevailing interest rate.
  • The repayment period for loan amount will 7-8 years including moratorium of 1-2 years.

For More Info: Click Here


About Shubham

3 comments

  1. हमारी नई कंपनी है Vaishnav Construction Private Limited we are registration in MAC govt of india and also Rajasthan pwd B class contractor and also GST enrolled.
    We are working as a civil construction work.
    So we need loan.
    Please if possible then provide a loan.
    Actually we are belong to village so we have village property plot panchayat patte documents.
    If possible for mortgage loan then no problem.

  2. i want loan to star a electric shop

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