Term loan
Loan
Finance
National Minority Development & Finance Corporation ltd., New Delhi
Under the term loan scheme, projects costing up to Rs.5.00 lacs are considered for financing to individual beneficiary. Bihar State Minorities Financial Corporation ltd. The remaining cost of the project is met by the beneficiary. The rate of simple interest is 6% per annum. The loan amount is repayable in maximum 5 years on quarterly basis. Povides loan to the extent of 85% of the project cost The remaining cost of the project is met by the beneficiary. The rate of simple interest is 6% per annum. The loan amount is repayable in maximum 5 years on quarterly basis. ("Terms and loans scheme", n.d.)
Under the term loan scheme, projects costing up to Rs.5.00 lacs are considered for financing to individual beneficiary. Bihar State Minorities Financial Corporation ltd. The remaining cost of the project is met by the beneficiary. The rate of simple interest is 6% per annum. The loan amount is repayable in maximum 5 years on quarterly basis. Provides loan to the extent of 85% of the project cost The remaining cost of the project is met by the beneficiary. The rate of simple interest is 6% per annum. The loan amount is repayable in maximum 5 years on quarterly basis. ("Terms and loans scheme", n.d.)
1)The applicant should be in the age group of 18-50 years.
2) The annual income of the applicant should not be more that 1,03,000/- and 81,000/- for urban and rural areas respectively("Terms and loans", n,d,).
Bihar State Minorities Financial Corporation
Mr. Rasheed Ahmad
Managing Director
Div. Office : Ali Nagar ,Ward No.22 ,
Kosi, Sarsha ;
Head office: Haj Bhawan,
Patna
minocorpatna@gmail.com
9304704035; 9473030592
0612-2215994