Margin Money Scheme

Scheme Details:

• To provide concessional rate loans for any project with an investment ranging from ₹50,001 to ₹5,00,000 under the Margin Money Scheme through nationalized banks.
• Loans from ₹50,001 to ₹5,00,000 are provided at an interest rate of 9.5% to 12.5% per annum through banks.
• 75% of the loan amount approved by the bank is provided by nationalized banks.
• The beneficiary must contribute 5% of the project amount as their own participation. The remaining 20% is provided by the corporation as seed capital.
• Out of this, ₹10,000 is given as a grant, and the remaining amount is provided as seed capital at an interest rate of 4%.
• The loan must be repaid to both the nationalized bank and the corporation in 36 to 60 equal monthly installments simultaneously.

Beneficiary:

As mentioned above

Benefits:

As mentioned above