| PURPOSE |
- Construction of School building /auditorium
- Repair/ renovation of existing building
- Purchased of computer and related equipment
- purchased of books / manuals /software and other training material
- purchased of laboratory equipment
- purchased of furnitures /fixtures
- purchased of sports equipment
- Equipment for mid-day meal scheme
- purchased of buses for student transportation
|
| ELIGIBILITY |
- Government Aided Schools
- Private Schools / Colleges
- School /colleges run by trust of good standing
- Technical institute recognised by AICTE/NBA/MCI
- More than one loan can be granted subjects to repayment capacity as stipulated
|
| QUANTUM OF FINANCE |
- Max- ₹ 1 crore
- Minimum DSCR :1.75
|
| MARGIN |
- Min.15% of the project cost
|
| INTEREST RATE |
- As Prescribed by the Bank, Interest will be applied on monthly compounding basis
|
