GREEN BUSINESS SCHEME
- ARE
- Apr 2, 2021
- 2 min read
To provide financial assistance for activities which can tackle the climate change along with income generation.
Eligibility Criteria
The eligibility criteria for coverage of beneficiaries under the Green Business Scheme shall be as follows:
a. The applicants should be persons belonging to Scheduled Castes
b.Their annual family income should be below Rs. 3.00 lakh for both rural & urban areas.
Indicative Schemes
a) Battery electric vehicle (E-rickshaw)
b) Compressed air vehicle
c) Solar energy gadgets
d) Poly houses
Unit Cost
The eligible candidates can avail financial assistance under this scheme for unit cost up to Rs. 30.00 lakh (Rupees thirty lakh only). NSFDC provides loan up to 90% of the unit cost.
Quantum of Assistance
NSFDC would provide need based loans under the Scheme as permissible under NSFDC Term Loan Lending Policy, promoter contribution and after taking into consideration the margin money being provided by SCAs, subsidy provided by other Government agencies and subsidy provided to Below Poverty Line (BPL) beneficiaries under the Central-Sector Scheme of Special Central Assistance to the Special Component Plan to the extent of @ Rs. 10,000/- or 50% of the unit cost, whichever is less.
Interest Rates
Green Business Scheme (GBS) - Up to Rs. 7.50 Lakh (Unit Cost) - Rs. 6.75 lakh (Maximum Loan Limit up to 90% of unit Cost) - Interest per Annum (SCA/CA - 2%; Beneficiary - 4%)
Above Rs. 7.50 lakh & up to Rs. 15.00 lakh (Unit Cost) - Rs. 13.50 lakh (Maximum Loan Limit up to 90% of unit Cost) - Interest per Annum (SCA/CA - 3%; Beneficiary - 6%)
Above Rs. 15.00 lakh & up to Rs. 30.00 lakh (Unit Cost) - Rs. 27.00 lakh (Maximum Loan Limit up to 90% of unit Cost) - Interest per Annum (SCA/CA - 4%; Beneficiary - 7%)
Repayment Period
The loan under the scheme shall be repaid in quarterly installments, within a maximum period of 10 years including moratorium period of 06 months. In addition, 120 days’ moratorium period is allowed to SCA for fund utilization.
DETAILED PROJECT REPORT AND BUSINESS PROPOSAL FOR BANK LOANS RELATED BUSINESS ENTREPRENEURSHIP DEVELOPMENT PLEASE CONTACT….
Project Manager
ARE (Arms for Rural Entrepreneurs)
Karunagappally, Kollam-690544
Mail: areklm0076@gmail.com, Tel: +91-7907048573
UDYAM-KL-06-0000419, Reg. No: SH020500060479
Web : www.areklm.com
Link : www.areklm.org
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