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LOAN

Scheme for Corporate Loan

T

State

States / UT: Rajasthan

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

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: Corporate Loan, Financial Assistance, Rajasthan, Business, Entrepreneur, Industry, Expansion, Diversification, Working Capital, RIICO, Loan Scheme, Eligibility

Details

The Scheme for Corporate Loan aims to provide financial assistance to profitable and financially sound companies operating in Rajasthan. It is designed for existing concerns with a good track record, enabling them to undertake expansion or diversification activities and meet long-term working capital requirements.

Benefits

  • - Financial assistance for various financial needs of existing industrial concerns
  • Financial assistance for various financial needs of existing industrial concerns.

Eligibility

Eligibility Criteria:

  • The company should have been a borrower of RIICO as well as other financial institutions/banks classified as standard assets at the close of the financial year.
  • The company should have a satisfactory track record with financial institutions and banks for the last three years.
  • The company should have a net worth of at least Rs. 250.00 lacs and an annual turnover of Rs. 1000.00 lacs as per the last audited accounts.
  • The company should be in production for the last three full years and earning cash profits for at least the last two years.
  • The debt equity ratio (after availing loan) should not exceed 1.5:1.
  • The Debt Service Coverage Ratio (DSCR) of the company (after availing loan) should not be less than 1.50:1.

Application Process

Online

How to Apply:

  • Applications can be submitted online through the web portal.
  • For more details, refer to the guidelines: Guidelines
  • Contact the Industry & Commerce Department or RIICO for assistance.

Contact Information:

  • Officer: Sh. Vishal Dixit
  • Designation: Additional General Manager
  • Mobile: 9461222333
  • Email: vishaldixit@riico.co.in
  • Address: Udyog Bhawan, Tilak Marg, Jaipur-302005

Documents Required

No document list is available for this scheme yet.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status