LOAN

Medium Term Multi Purpose Loan Scheme

5.4/10

The Medium Term Multi Purpose Loan Scheme provides financial assistance to existing borrowers of the Rajasthan State Industrial Development and Investment Corporation Limited (RIICO) who have a good track record.

State

States / UT: Rajasthan

Ministry / nodal: Industry & Commerce Department

Nodal department: Rajasthan State Industrial Development and Investment Corporation Limited (RIICO)

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Businessman, Entrepreneur, Industrialist

Tags: Financial Assistance, Loan, Business, Entrepreneur, Industry, Rajasthan, RIICO, Medium Term, Investment, Support, Eligibility, Assistance

Details

The Medium Term Multi Purpose Loan Scheme provides financial assistance to existing borrowers of the Rajasthan State Industrial Development and Investment Corporation Limited (RIICO) who have a good track record. This scheme is designed to meet various financial needs of businesses operating in Rajasthan.

Benefits

  • - Financial assistance for meeting various financial needs
  • Financial assistance for meeting various financial needs.

Eligibility

To be eligible for the loan, companies must meet the following criteria:

  1. The company should have been classified as a standard asset by the Corporation.
  2. The company should have paid at least one third of the principal amount of the term loan disbursed.
  3. The company should have been in production for the last 3 years, earning cash profits in the last 2 years.

How useful is this scheme?

Public benefit analysis

A practical look at this scheme for citizens

AI-generated insights showing how useful, accessible, and practical this scheme may be — combining deterministic scoring rules with a public-policy LLM analyst.

5.4
/ 10
Public Benefit Score
Accessibility 5.0/10 Moderate
Rural usefulness 5.0/10 Moderate
Application complexity 3.0/10 Good
Financial impact 5.0/10 Moderate
Literacy barrier 5.0/10 Moderate
Women inclusivity 5.0/10 Moderate
Awareness 4.5/10 Moderate
Implementation reliability 7.0/10 Good
Bigger shape means a better fit for citizens
  • Accessibility5.0
  • Financial impact5.0
  • Rural utility5.0
  • Awareness4.5
  • Simplicity7.0
  • Inclusivity5.0

What problem does this scheme solve?

The scheme provides financial assistance to businesses in Rajasthan, primarily benefiting established entrepreneurs and industrialists.

Key challenges addressed

  • Access to financial resources for business expansion
  • Support for existing businesses with a good track record

Most beneficial for

  • Established businesses
  • Entrepreneurs with a solid financial history

Likely challenges

  • Strict eligibility criteria may exclude new businesses
  • Dependence on digital platforms for application

Practical insights for citizens

The scheme may not be accessible to new or small-scale entrepreneurs due to stringent requirements.

Rural challenges

  • Limited internet access
  • Lack of awareness about the scheme

Digital challenges

  • High dependency on online applications
  • Potential issues with digital literacy

Implementation bottlenecks

  • Strict eligibility criteria may limit access
  • Need for a good financial track record

Awareness challenges

  • Limited outreach to rural entrepreneurs
  • Need for better communication of eligibility

Application analysis

Application mode
Online portal
Verification complexity
Moderate
Office dependency
Low
DBT dependency
No
CSC support
Limited
Estimated citizen effort
Moderate

Estimated beneficiary reach

  • Rural / urban reach Moderate
  • Gender reach Moderate
  • Occupation reach Business owners, Entrepreneurs

Benefit analysis

Benefit practicality
Practical for established businesses
Financial meaningfulness
High for eligible businesses
Long-term impact
Potentially positive for business growth in the state

Plain-language guidance

This scheme helps established businesses in Rajasthan get loans to meet their financial needs. Applicants must have a good financial history and meet specific criteria.

Who should apply
Established businesses and entrepreneurs with a good track record.
Who may struggle
New businesses or those without a solid financial history.
Best application route
Apply directly through the RIICO online portal.

This intelligence section is generated by an AI policy analyst combined with rule-based scoring. Scores and narrative are estimates derived from the publicly available scheme information shown on this page; actual experience may vary by state, district, and department. Always confirm details on the official portal before you apply.

Application Process

Online

Applications can be submitted online through the RIICO web portal. For more details, refer to the guidelines available here.

References

Scheme page (portal)
https://jaipur.rajasthan.gov.in/scheme/detail/772
Related PDF (portal)
https://jankalyanfile.rajasthan.gov.in/Files//Content/UploadFolder/Scheme/RIICO/LOAN/DOC_772_0bfdcff6-d08b-40a0-bbfe-91eae9611bbf.pdf

Apply

Apply now

Opens the official application or programme portal in a new tab. If in doubt, confirm details on the ministry site.

Frequently asked questions

What is the purpose of Medium Term Multi Purpose Loan Scheme?
Medium Term Multi Purpose Loan Scheme is a government welfare initiative designed to support Individual, Businessman, Entrepreneur, Industrialist through benefits related to General, financial assistance, subsidies, social welfare, healthcare, education, or livelihood support.
Who can apply for Medium Term Multi Purpose Loan Scheme?
Eligibility for Medium Term Multi Purpose Loan Scheme may depend on factors such as income category, age, gender, occupation, state of residence, social category, and government-defined beneficiary criteria.
What benefits are offered under Medium Term Multi Purpose Loan Scheme?
Benefits under Medium Term Multi Purpose Loan Scheme may include financial assistance, subsidies, scholarships, insurance support, healthcare benefits, pension support, training assistance, or welfare services depending on the scheme guidelines.
Which department manages Medium Term Multi Purpose Loan Scheme?
Medium Term Multi Purpose Loan Scheme is managed by Rajasthan State Industrial Development and Investment Corporation Limited (RIICO) and may be implemented through district offices, online portals, CSC centres, banks, or authorised government agencies.
Can users apply online for Medium Term Multi Purpose Loan Scheme?
Yes, eligible applicants may be able to apply online for Medium Term Multi Purpose Loan Scheme through official government portals, authorised service centres, or digital application systems depending on the implementation process.
Is Aadhaar mandatory for Medium Term Multi Purpose Loan Scheme?
Many government schemes may require Aadhaar verification, identity proof, or linked bank account details for beneficiary validation and direct benefit transfer processing.
Where can users apply for Medium Term Multi Purpose Loan Scheme?
Applications for Medium Term Multi Purpose Loan Scheme may be submitted through government departments, official scheme portals, CSC centres, district offices, welfare departments, or authorised service centres.
What documents may be required for Medium Term Multi Purpose Loan Scheme?
Applicants may need Aadhaar card, income certificate, residence proof, bank account details, caste certificate, photographs, educational records, or occupation-related documents depending on scheme eligibility requirements.
Is Medium Term Multi Purpose Loan Scheme available in all states?
No, Medium Term Multi Purpose Loan Scheme is primarily available for eligible residents of Rajasthan and may be implemented through state government departments and local administrative offices.
Can residents outside Rajasthan apply for Medium Term Multi Purpose Loan Scheme?
Eligibility for Medium Term Multi Purpose Loan Scheme is generally limited to residents of Rajasthan unless otherwise specified in the official scheme guidelines.
Does Medium Term Multi Purpose Loan Scheme provide business loan or startup assistance?
Medium Term Multi Purpose Loan Scheme may support entrepreneurs, startups, self-employed individuals, MSMEs, or small businesses through financial assistance, subsidies, credit support, or training initiatives.
Is collateral required under Medium Term Multi Purpose Loan Scheme?
Collateral requirements may vary depending on the loan amount, implementing agency, financial institution, and government subsidy structure.
Can CSC centres help users apply for Medium Term Multi Purpose Loan Scheme?
Many government schemes may be accessible through nearby CSC centres, authorised digital service centres, or welfare facilitation offices.
How can users check the latest updates for Medium Term Multi Purpose Loan Scheme?
Users should verify official notifications, department announcements, application deadlines, and eligibility updates through authorised government portals or implementing agencies.
Can beneficiaries track application status for Medium Term Multi Purpose Loan Scheme?
Certain schemes may provide online application tracking, beneficiary verification systems, or status-check facilities through official portals.
Where can users get help for Medium Term Multi Purpose Loan Scheme in Rajasthan?
Users in Rajasthan may seek assistance through CSC centres, district welfare offices, government departments, agriculture offices, social welfare departments, or authorised facilitation centres.
Which nearby public services may help with Medium Term Multi Purpose Loan Scheme applications?
Depending on the scheme, users may require support from Aadhaar centres, CSC centres, banks, hospitals, post offices, or government welfare offices for document verification and application assistance.