SCHEME FOR MARRIAGE HALL / COMMUNITY HALL /
CONVENTIONAL CENTRES

1. The Scheme : The scheme is  intended to provide financial assistance for construction of Marriage Halls / Conventional Centres / Community Halls.

2. Eligibility : Proprietary/Partnership/Companies are eligible for assistance.

3. Purpose: The assistance will be considered for:-

  • Construction of building, Purchase of Air conditioners (both centralised and Window)
  • Purchase of Kitchen equipments and Vessels
  • Purchase of Furniture and Electrical Fittings
  • Interior Design / Decoration
  • Purchase of Generator
  • Lighting and Music systems and T.V.
  • Lift
4. Project Cost :  Need based.

5. Promoters' Contribution :  Minimum promoters' contribution shall be 35% to 50% depending on the risk perception.

6. Debt Equity Ratio :  DER shall be 2 : 1 (maximum). 

7. Repayment Period :  Repayment period including holiday period of 2 years shall be maximum of 10 years . Repayment shall be on monthly basis.

8. Collateral Security: Collateral security of 50% - 100% of loan amount shall be offered.

Page modified on 05.04.2011
 

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