Home Detail News

Financial assistance for setting up industrial concerns by ANIIDCO

Port Blair ,

 The Credit & Finance Division of ANIIDCO provides financial assistance for setting up industrial concerns under its general scheme, as per the guidelines of SIDBI/IDBI. The rate of interest for different loan amount is fixed based on the SIDBI's prime lending rate which presently ranges between 10.25% to 12.25%.
     Under the scheme, any industrial concern related to tourism, horticulture, fisheries, food-processing and environment friendly projects like recycling waste etc., will be eligible for 2% lower interest rate. A rebate of 1% will also be provided for prompt repayment. The promoter's contribution has to be atleast 25% the project cost upto Rs.10 lakh and minimum 34% of the project cost exceeding Rs.10 lakh.
The activities eligible to avail financial assistance under the scheme are transport for passenger/goods; construction equipment like road roller, cement mixer, excavator; setting up or development of tourism related facilities, amusement parks, hotels, restaurants, convention centers; providing medical, health or allied service; providing knowledge/services/facilities related to engineering, management, finance or marketing for industry; providing software and hardware services relating to information technology, telecommunications or electronics; manufacture, preservation, processing, assembling, repairing, packing of goods; franchise of any reputed computer institute or for service industry etc.
  Interested eligible persons can contact the Credit & Finance Division of ANIIDCO, at Vikas Bhawan, Pot Blair for obtaining loan forms and other details, a communication from the General Manager, ANIIDCO said.