“SAHAYA” loan scheme is designed for start-ups, under which a maximum loan amount of Rs.200,000/- will be given at a nominal interest rates of 5.5%. In addition, a maximum grant of Rs.50,000/- will be given to meet initial expenses of the start-ups business. Existing business will receive a maximum loan of Rs.250,000/- at an interest rate of 5.5%.
Project Selection Criteria
The Projects/Businesses indicated below will be given preference
Agriculture - Fruit and vegetable processing/plant and nursery Development/Organic Farming and Fertilizer Processing/Dairy and Poultry Products/Agriculture Products/Post- harvest Technology.
Industrial - Welding/Garments/Concrete Work, paving and interlocking/ Leather Products/Painting, masonry and carpentry/plastic and Rubber Processing/Fabricated Metal/Gem cutting and polishing
Services - Agricultural products collection centers/Tourist Services, restaurants and Entertainments/Gardening and Landscaping/ Beauty culture, Pre - Schools and Child Day Care Centers/IT, Printing, internet and Mobile Phone and Computer Repairs/ Refrigeration and A/C/Motorcycle and Cycle Repairs/Computer Software Application Development/Electrical and Electronic Repairs
Additional loans can be obtained upon the success of the business, at a moderate interest rate.