Eligibility
New projects/existing units under Tiny/Small scale sector/service enterprises
Project Cost
Not exceeding Rs.50 lakhs (including margin for working capital) in case of new projects Not exceeding Rs.25 lakhs in case of existing units/service entrepreneurs
Promoters Contribution
Minimum 10% of the project cost
Debt-Equity Ratio
65:35 OR 1.857:1 (excluding State Investment Subsidy)
Quantum Of Assistance Of Soft Loan Under Scheme
Amount of gap in equity as per prescribed DER after taking into account promoters contribution, to the extent of 25% of the project cost subject to a maximum of Rs.10 lakhs
Interest On Soft-Loan
- NIL
Annual Service Charges
5% annual service charges.
Repayment Of Soft-Loan
Soft loan is repayable in 7 years (including moratorium of 3 years) in tune with the repayment period of normal term loan permitted by Bank for the project. Non repayment of Soft loan would attract interest as stipulated by SIDBI.
Security For Soft-Loan
Conditions apply. The information provided above is only illustrative and not exhaustive.
Contact: For more details, please contact your nearest Andhra Bank Branch
or E-mail to: ssi@andhrabank.co.in ; sme@andhrabank.co.in
PMRY beneficiaries
New Deposit Scheme AB BONANZA with 9.40% p.a.
Due to unexpected technical difficulties we need to temporarily disable AB Speedway service wef 1st April 2012
New Scheme AB PROFESSIONAL LOAN
NEW YEAR CAR CAMPAIGN: Avail car loans at attractive interest rates
Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad
PPF and SCSS schemes
As per RBI guidelines dated 04.11.2011, with effect from 01.04.2012 the validity of Cheques/Demand Drafts / Pay orders and Bankers Cheques is three months
Do Not fall Prey to Fictitious Offers of Funds Transfer
Our annual profit Rs.1,345 Crore