Industrial Estate Loan Scheme

Industrial estate proposed in location having adequate demand and scope are considered for financial assistance upto Rs. 240.00 lakhs for corporate bodies and upto Rs. 120.00 lakhs for proprietary/ partnership concerns. Existing industrial sheds going in for expansion can also avail the assistance under the scheme. New units should propose construction of minimum 3 sheds and provide basic facilities like roads, power, water, drainage etc. as required by the occupants. The cost of construction should be such that the rent charged is reasonable. In case the industrial sheds are proposed by the companies and co-operative societies, it is desirable that all the occupants of the shed become shareholders of the company or society. A minimum promoters contribution of 40% and security margin 0f 40% will be retained.