Entrepreneur Development Scheme
| Purpose | For encouraging entrepreneurship amongst persons from economically and socially disadvantaged backgrounds who wish to promote their own enterprise. |
| Eligibility |
a. Persons without any asset back up but having relevant qualifications and experience for implementing viable project. b. Existing small units requiring assistance for additional machinery / needs additional working capital |
| Maximum Loan Limit | Individual Unit – Rs.Rs.5.00 lakhs or 30 times on the net salary of the two guarantors |
| Promoter’s Contribution | 10% |
| Repayment | Maximum 60 months including a maximum moratorium period of 6 months. |
| Collateral Security requirement |
Third party guarantee shall be obtained as under :
|
info@tiic.org
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