Project Cost: Need
5. Promoters' Contribution: Minimum
promoters' contribution shall be 35%.
6. Debt Equity Ratio: DER
shall be 2 : 1 maximum
Repayment period including holiday period
of 2 years, shall be maximum of seven years.
Repayment shall be on monthly basis.
Collateral security to 50% - 100% of loan
amount shall be offered.
The scheme shall not be eligible for any
concession under NEF / MUN / SEMFEX / TAHDCO
/ Soft loan scheme etc.No interest concession
will be granted even if promoted by existing
concern/promoters possessing Gold/Green/Merit
Card. For Convention Centres located in
other than Corporation / First Grade Municipalities,
the loan amount is restricted to Rs.20 lakhs.