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Scheme is operative in rural areas. |
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Village Industries within the purview of KVIC are only financed. |
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Loan is available for individual Ex-Servicemen and Co-operatives. |
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Individual projects can be financed upto Rs 10.00 Lakhs by KVIC/KVIBS. |
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Upper loan limit is Rs 25.00 Lakhs. |
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Loan for Khadi and Polyvastra including Polywool interest @ 4% p.a. |
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Interest for Village Industries is @17% p.a. |
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25% grant is available upto Rs10.00 Lakhs and above this @ 10% as per State Govt Ruling. |
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Rs 4.00 Lakhs grant will be available for loan upto Rs 25.00 Lakhs. |
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5% own capital as margin money is applicable in case of all Ex-Servicemen borrowers. |
