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  Finance:
 

Sources of capital to finance your company can be:

 
  • Long-term loans for acquiring fixed assets like land and building, plant and machinery, other installations, fittings, fixtures and so on
  • Short-term loans to meet the day-to-day requirements of business, such as procurement of raw materials, wages for workers, transport costs, etc.
  • The State Financial Corporations/State Development Corporations/commercial banks provide long-term loans.
  • All small scale industrial units engaged in process activity are eligible for financial assistance except for the activities covered by the restricted list issued by DC (SSI) Office or under the special regulation list.
  • State Financial Corporations provide financial assistance of up to Rs.60 lakhs to private/ public limited companies, and up to Rs.30 lakhs to proprietary/partnership firms.
  • Rates of interest charged vary according to the size of the loan and the category of the entrepreneur, for example SC/ST, women, ex-servicemen, physically handicapped persons, etc.
  • Composite loans of up to Rs. 50,000 are provided for meeting both long-term and short-term loans so that small entrepreneurs do not have to go to other institutions
  • Under the ‘single window scheme’, the State Financial Corporations and the State Industrial Development Corporations provide financial assistance
  • This scheme is refinanced by the Small Industries Development Bank of India (SIDBI)
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