Objectives of the scheme:
To encourage and promote entrepreneurships among the Scheduled Castes who are oriented towards innovations and growth technologies by supporting the Bank and Financial Institutions [designated as Members Lending Institutions (MLIs) for the Scheme], in the form of Credit Enhancement Guarantee (minimum Rs.0.15 crore and maximum Rs.5.00 crore) against Working Capital Loans, Term Loans or Composite Terms Loans granted by MLIs to SC entrepreneurs.
Highlights of the scheme:
Eligibility – Registered Companies and Societies/Registered Partnership Firms/Sole Proprietorship firms/Individual SC Entrepreneur having more than 51% shareholding by Scheduled Caste entrepreneurs/promoters/members with management control for the past 6 months are eligible for guarantee from IFCI against the loans extended by MLI Banks/Institutions.
Amount of guarantee cover – Minimum Rs.0.15 crore and maximum Rs.5.00 crore.
Tenure of Guarantee – Maximum 7 years or repayment period whichever is earlier.
Detailed scheme – Available on www.ifciltd.com , https://ifcicegssc.in.
- Contact us at e-mail of the scheme, phone 011-4173-2117,
Scheme Details - English