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What is New Loan Scheme for Young Entrepreneurs about?

The Rajasthan State Industrial Development & Investment Corporation Limited has launched a New Loan Scheme for Young/First Generation Entrepreneurs to support new project setups, excluding real estate. The scheme offers a maximum loan of Rs. 1000 lacs, requires a minimum promoter contribution of 20%, and has a repayment period of 7-8 years. Additional details include a minimum security margin of 20%, prevailing interest rates, and processing fees of 0.1% and 0.15% on the loan amount.

Author

Pari Maheshwari

Language

EN