Bank of Baroda



Business > Loans & Advances > SME
 

Branch Locator
NRI Services
Calculators
Application Forms
BOBCards
Important Links




Deposits  |  Loans & Advances  |  Services  |  Lockers


Margin Money Scheme under Rural Employment Generation Programme of KVIC

OBJECTIVES :

  • To generate employment in rural area.
  • To develop entrepreneurial skills among the rural unemployed youth.
  • To achieve the goal of rural industrialization.
  • To facilitate participation of Financial Institutions for higher credit to rural industries.

ELIGIBILITY

  • Individual entrepreneurs above 18 years of age.
  • Self-Help Groups
  • Institutions
  • Co-operative Societies
  • Trusts
  • Public Limited Companies owned by State/Central Government

ELIGIBLE PROJECTS :

  • Any village industry (except those mentioned in the negative list by KVIC) located in the rural areas, in Manufacture as also Service Sector, and in which, the fixed capital investment per head of a full time artisan or worker does not exceed Rs. 50,000/-
  • Sponsoring of the Project is not mandatory.
  • KVIC would impart training to the beneficiary.

Ceiling limit per Project:

  • Rs. 25/- Lakhs (exclusive of cost of land)

MARGIN :

  • 5% of the Project cost in respect of beneficiaries belonging to SC/ST/OBC/women/PH/Ex-Servicemen/Minority and those located in Hill, Border & Tribal area/North East Region/Sikkim/Andaman & Nicobar Islands & Lakshadweep.
  • 10% in case of other beneficiaries.

MARGIN MONEY :

  • For projects costing upto Rs. 10/- Lakhs - 25% of the Project cost.
  • For Projects costing above Rs. 10/- lacs and upto Rs. 25/- Lakhs – 25% of Rs. 10/- Lakhs + 10% of the remaining cost of the Project.
  • In case of SC/ST/OBC/women/PH/Ex-Servicemen/Minority and those located in Hill, Border & Tribal area/North East Region/Sikkim/Andaman & Nicobar Islands & Lakshadweep, margin money will be 30% of the Project cost upto Rs. 10/- lacs plus 10% of the remaining cost of the Project.

    Margin Money is calculated on the actual bank loan availed + borrower’s own contribution.

To know the current interest rates Click here.



> Working Capital Finance > Term Finance > SSI > SME > Small Business Borrowers > Traders Loan




Baroda Vidyasthali Loan
Baroda Arogyadham Loan
Laghu Udhyami Credit Card
Artisans Credit Card
CLCSS-TUFS
CLCSS
Composite Loans
Collateral Free Loans
SME Short Term Loans
SME Medium Term Loans
Baroda SME Gold Card
Scheme for Financing Energy Efficiency Projects
Margin Money Scheme
Baroda Overdraft Against Land and Building
Baroda SME Loan Pack
PMEGP
KVIC-ISEC
About Us | Agriculture Debt Waiver and Debt Relief scheme 2008 | Annual Report | Awards | Banker's Fair Practices Code | Banking Codes & Standards Board of India | Banking Ombudsman Scheme 2006 | Baroda Grameen Paramarsh Kendra | Citizen's Charter | Code of Banks' Commitment to Micro & Small Enterprises | Contact Us | Corporate Governance | Economic Scenario | Fair Practices Code | FAQs | Financials | Guidance Note | Holidays in India | Human Resources | Inquiry | Interest Rates | Investor Relations | IT Infrastructure | Media | Model Policy Documents | MSME Care Center | Newsletter | Online Poll | Photo Gallery | Recruitments | Redressal of Complaints | Right to Information Act | Saarthee-FLCC | Service Charges & Fees | Share Holding Pattern | Share Price Chart | Sitemap | SLBC Rajasthan | SLBC UP | Sponsored RRBs | Tenders | USA Patriot Act Certification | Web Cast

Maintained by:
Maintained by CIPL

© 2010 Bank of Baroda. All rights reserved. Disclaimer For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels