Small Scale Industrial Loan

BDB provides timely long term financial assistance for setting up of new manufacturing units & service industries in the sectors of hospitality, entertainment, education, IT, tourism or for expansion of existing units/industries at attractive rate of int                                                                                                                                                                                    

ELIGIBILITY

  • All individuals/companies engaged in any type of manufacturing/service-related activity or units having satisfactory operational record/ history and have complete financial statements are eligible for this kind of loan.

QUANTUM

  • 60 – 70% of the Work Order Value / Supply Order Value

INTEREST RATE

  • Floating/Prevailing interest rate.

TENURE

  • One year or till the validity of the contract on hand.

CHECKLIST FOR TRADE & COMMERCE (CONTRACTOR & SUPPLIERS)

  • Application form duly filled in and signed on all the pages (Full Signature).
  • Copy of valid Citizenship Identity (CID) of both the applicant and the guarantor as applicable.
  • One recent Pass Port size photograph of the applicant.
  • Estimate of income and expenditure to be submitted.
  • Copy of Work Order supported by relevant pages of the agreement
  • Letter of Undertaking from awarding agencies for routing of RA Bill payment through bank.
  • Copy of valid contract license.
  • Ownership certificate(s) of the collateral security offered to bank.
  • Consent letter from the joint owner or co-owner if the collateral provided is in joint and co-ownership.
  • For family owned land, family (household) register issued by Department of Civil Registration and Census, MoHCA and NOC from family members (18 years and above) (if applicable).
  • Valid insurance copy of the collateral securities charged in case of buildings.

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