1.     Prevailing delegation of powers for sanction of term loan is as under :

At Field Level:

Note:
i)        All the cases/ proposals at BO level would be sanctioned by the competent authority on the recommendations of DLAC/ LAC.
ii)        Cost over run upto 20% of the sanctioned amount of loan would be sanctioned (without changing the level of margin of security and promoter’s contribution) by the respective sanctioning authority over and above the powers delegated for sanction of loan.
iii) The loan for purchase of DG set (upto 250KVA) under DG set scheme shall be sanctioned by the concerned authority within whose jurisdiction total outstanding falls after considering of the said loan.
iv)      In loan cases of scheme for financial assistance to industrial concern involved in commercial construction activities for development of residential houses/ flats/ housing complexes, sanctioning authority shall be DGM (Br.)/ HO, as per their respective delegation of powers.

v)       Exclusive powers for sanction of loan are delegated to field offices under GB Schemes to the extent power available in general term loan scheme. However power for sanction of loan under  card schemes and WCTL to non assisted units (irrespective of amount) are at HO only.

 At Head Office Level:

Note:
1.       The CMD is authorised to make need based relaxations in the terms and conditions to all sanctioned cases under various schemes of the Corporation.
2.       The loan cases/proposals at HO level would be sanctioned by the competent authority as per the recommendations of PC&CC.
3.       Further loan cases may be sanctioned by the sanctioning authority under whose jurisdiction total accommodation falls i.e. outstanding against the existing loan plus proposed loan.

Processing of loan cases

1. Field  level processing cases

Internal Processing Committee
A meeting of the Internal Processing Committee is held every week on a fix day in which promoters are also invited and loan cases are placed before such committee for taking a decision on the project submitted by the borrower.
Advisory Committees

Project Clearance and Consultative Committee
HO level cases requiring prior clearance from the Committee are placed before the PC&CC. The meeting of which is generally held on fix day i.e. Wednesday of every week. In the PC&CC the appraised cases and matters requiring for policy decisions are also placed for decision.      

A.       Loan Schemes of the Corporation  

A- FOR MICRO, SMALL AND MEDIUM MANUFACTURING ENTERPRISES

1. GENERAL LOAN SCHEME : Financial assistance up to Rs.20.00 Crores, depending upon the constitution of applicant unit is made available to existing/ new micro, small, medium scale manufacturing enterprises to meet part of cost of land, building Plant & Machinery and other fixed assets.

1. OTHER SCHEMES :

a) SINGLE WINDOW SCHEME

b) SCHEME FOR TEXTILE INDUSTRY UNDER TECHNOLOGY UPGRADATION FUND (RTUF)

c) ASSISTANCE FOR ACQUISITION OF ISO-9000/ /14001 SERIES CERTIFICATION BY SSI UNITS

d)  COMPOSITE LOAN SCHEME

e) SCHEME FOR FINANCING TO MINING EQUIPMENT/ INDUSTRY

f)    SCHEME FOR WORKING CAPITAL BRIDGE LOAN

g) SCHEME FOR WORKING CAPITAL TERM LOAN WITH THE FACILITY OF DEPOSIT AND WITHDRAWAL THROUGH PASS BOOK

h)   EQUIPMENT REFINANCE SCHEME

i)    DG SET LOAN

j)    SCHEME FOR FINANCING POLLUTION CONTROL EQUIPMENTS

k) SARAL SCHEME FOR SME SECTOR (EXISTING INDUSTRIAL RUNNING UNITS

l)      SCHEME FOR FINANCIAL ASSISTANCE TO WIND FARM/ WIND TURBINE GENERATOR

m) SCHEME FOR FINANCIAL ASSISTANCE TO THE ASSISTED UNITS EFFECTED BY NATURAL CALAMINITES / DISASTER.

B-  FOR GOOD BORROWERS
The Corporation has introduced schemes for the benefit of our existing and regular borrowers who have a proven track record of timely payment. These schemes provide speedy sanction and liberal disbursement procedures. Financial assistance is provided to the Good Borrowers under the following schemes:
a)       WORKING CAPITAL TERM LOAN

1.   SHORT TERM LOAN

c)       UNITS PROMOTED BY GOOD BORROWER SCHEME

1. SPECIAL PURPOSES WCTL SCHEMES

f)       WORKING CAPITAL TERM LOAN TO NON ASSISTED UNITS
g)  GOLD CARD SCHEME
h)       PLATINUM CARD SCHEME
C-  FOR TOURISM RELATED ACTIVITIES   

1. GENERAL SCHEME FOR TOURISM RELATED ACTIVITIES:     The Corporation has been granting financial assistance for Hotels, Restaurants, Drive-in-Cinemas, Multiplexes and Tourism related activities in Rajasthan up to Rs.20.00 Crores. The Corporation has a Package of convenient repayment period i.e. ballooning system.
2. OTHER TOURISM RELATED SCHEMES :

a)  SCHEME FOR FINANCIAL ASSISTANCE TO PAYING GUEST ACCOMMODATION
b)   SCHEME FOR DHABA
c) SCHEME FOR FINANCIAL ASSISTANCE FOR COMMERCIAL COMPLEXES, SHOW ROOMS AND SALES OUTLETS
D-  OTHER TAILOR MADE SCHEMES

1. MAHILA UDHYAM NIDHI SCHEME
2. ASSISTANCE TO SC/ST ENTREPRENEURS
3. SCHEME FOR MEDICAL PRACTITIONERS
4. SCHEME FOR QUALIFIED PROFESSIONALS
5. SCHEME FOR HOSPITALS /NURSING HOMES
6. SCHEME FOR FINANCIAL ASSISTANCE FOR INFORMATION TECHNOLOGY
7. SCHEME FOR FINANCING ACTIVITIES RELATING TO MARKETING OF SSI PRODUCTS
8. SCHEME FOR PROVIDING FINANCIAL ASSISTANCE TO UNITS INTENDING TO SWITCHOVER THEIR LOAN ACCOUNTS FROM BANKS AND OTHER FINANCIAL INSTITUTIONS TO RFC
9. SCHEME FOR ASSETS FINANCING
10. FAST TRACK LOAN SCHEME
11. SCHEME FOR FINANCING AGAINST ASSETS
12. SCHEME FOR FINANCING FOR BUILDERS / COMMERCIAL/ RESIDENTIAL COMPLEXES/ MULTIPLEXES, HOTELS (TOURISM RELATED ACTIVITIES), HOSPITALS, NURSING HOMES FOR PURCHASE OF LAND & BUILDING
13. SCHEME FOR PRIVATE BUS/TAXI STAND
14. FINANCIAL ASSISTANCE FOR TRANSPORT VEHCILES TO EDUCATIONAL INSTITUTIONS (UNDER TRANSPORT LOAN SCHEME
15. SCHEME FOR FINANCIAL ASSISTANCE TO INDUSTRIAL CONCERNS INVOLVED IN COMMERCIAL CONSTRUCTION ACTIVITIES FOR DEVELOPMENT OF RESIDENTIAL HOUSES/FLATS/HOUSING COMPLEX

         
E.         Other Schemes :
a)  Loan for Revival and Rehabilitation of Sick units.
b)  Loan for Restarting of closed unit.

LOAN LIMIT

           IMPORTANT PARAMETERS
            *          Promoter’s Contribution         Min. 33% of the project cost             
            *          Debt Equity Ratio                  Not more than 2 : 1
            *          Security Margin 
                             A.   In General                                                 30%          
                             B.  On fabricated items, dies & moulds, furnace   50%                                                                 etc.
            *           Debt Service Coverage Ratio (DSCR)    Not less than 1.7 : 1
     APPLICATION FEE
   
     While accepting the loan application, fee as mentioned below is  required to be deposited ;

   Note   : Application fee shall be 50% in the following cases if the loan  is sought under the exclusively specified schemes:

APPLICATONS : PROCESSING  & SANCTIONINHG
    
 -    Loan applications would be registered with the concerned Branch Office/Head Office and the loans be sanctioned as per the delegated powers  and norms of the Corporation. 
   
QUICK IN PRINCIPLE CLEARANCE
     
From the date of receipt of loan application, principle clearance is given in 7 days, looking to the merit of the case. Endeavors are made to finally dispose off the application within a month’s time. However, quick and early disposal also depends upon the response and co-operation in furnishing the required information / documents by the promoter.