DELHI
ANNEXURE-III
National Small Industries Corporation Limited Rate of Earnest Money,
Interest, Service Charge
| Description |
Below Rs 5 lakhs |
Rs 5 to 10 lakhs |
Above Rs 10 lakhs |
Special Equipment |
| |
E.M |
R.I |
S.C |
E.M |
R.I |
S.C |
E.M |
R.I |
S.C |
E.M |
| Backward Areas |
15% |
18% |
2% |
15% |
19% |
2% |
20% |
20% |
4% |
30% |
| Techno crafts |
15% |
18% |
2% |
15 |
19% |
2% |
20% |
20% |
4% |
30% |
| SC/ST |
15 |
18 |
2 |
15 |
19 |
2 |
20 |
20 |
$ |
30 |
| Phy.Handicapped |
15 |
18 |
2 |
15 |
19 |
2 |
20 |
20 |
4 |
30 |
| Others |
20 |
19 |
3 |
20 |
20 |
4 |
20 |
21 |
5 |
30 |
| Ex-Def. Personnel |
15 |
18 |
2 |
15 |
19 |
2 |
20 |
20 |
4 |
30 |
| Modernisation |
20 |
19 |
3 |
20 |
20 |
4 |
20 |
21 |
5 |
30 |
With effect from 1.1.92, a rebate of 2 per annum is allowed on interest rates if the instalment is paid on or before the due date. The value slabs comprises of original value of machines already installed together with value of machines applied for in the application. Security in the form of land and other fixed assets or a bank guarantee as required to be furnished for the amount of assistance exceeding Rs.5 lakhs. In the case of photo-copies,
Computer, US/C.T. Scanners etc. the first instalment falls due after one year in case of new units and 6 months in case of existing units and the hire purchase value is payable in 8 instalments. Machines with individual value of less than Rs.5000.00 (Rupees Five thousand each are not supplied under the Hire Purchase Scheme.
ANNEXURE-IV
Details of D.F.C. Schemes (Interest Rate Structure as on 31st March, 1997)
Note : INTEREST IS CHARGED ON REDUCING BALANCE BASIS
- Additional interest @4% p.a. for the period of default and on the amount of default will be charged.
- The concession of 1% in the rate of interest as applicable in respect of schemes for loan exceeding Rs.2.00 lacs and upto Rs.3.00 lacs will continue to be give to SC/ST Entrepreneurs.
However, the loan amount exceeding Rs.3.00 Lacs for SC/ST Entrepreneurs shall continue to carry rate of interest as applicable to the categories as mentioned above.
- In addition to the requirement of promoter's minimum contribution, the following criteria will also be fulfilled while calculating the quantum of loans :
- Dept Equity Ration in SSI
- For loan upto Rs. 10 lakhs 3:1
- For loan above Rs.10 lakhs 2:1
- Debt Equity Ratio in MSI 2:1
- Minimum 20% margin on capitalised fixed assets will be retained for this purpose. The capitalised fixed assets will be the total project cost excluding marging for working
capital.
- 4% concession in the rate of interest for SC/ST entrepreneurs of Delhi state as applicable in the respective schemes.
Interest rate structure is subject to change as per IDB/SIDBI guidelines issued from time to time as per eligibility criteria
Commitment Interest
Further the Board of Directors
enhanced the period from existing three months to six months for completing
the documents for availing disbursement of sanctioned loan and thereafter
commitment interest @1/2% per quarter be charged from the party.
Schedule of Loan Procession
Fee and Imprest Money
Processing fee and imprest
money is charged at the following rates.
Note:-
- Processing fee for Tiny Units, Women Entrepreneurs Rehabilitation Scheme (for assisted units of the Corporation). Modernisation and SEMFEX is half of the normal rates.
- No Processing fee is charged or Household Industries. SC/ST entrepreneurs, composite loans for Artisans and Physically Handicapped Scheme.
- Processing fee is not refundable if the loan is not sanctioned after acceptance of case by the screening committee.
- Processing fee for lease financing assistance is @ 0.5% of the loan amount apart from 1% lease management fee.
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