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Chaitanya Subsidy Cum Soft Loan

Under this scheme, the Corporation extends loan to Backward Classes upto Rs. 5.00 lakh unit cost, to take up financial development activities in collaboration with Bank /Financial institutions.

        The Corporation releases 30% or maximum of Rs.10,000/- subsidy for the project cost upto Rs. 25,000 and for the project cost of Rs. 25,001 to Rs. 1.00 lakh, the Corporation releases 20% margin money and subsidy of Rs.10,000/- per beneficiary. For the projects above Rs.1.00 lakh, the Corporation releases 20% Margin Money only.  The Corporation charges 4% interest p.a. on margin money. The Bank will charge the interest at the prevailing lending rates of the Banks for their portion of loan.

Last Updated: 06-07-2022 01:01 PM Updated By: Admin

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