I.  Hospitals/Nursing Homes

Under the scheme, financial assistance upto a maximum of Rs.20.00 Crores, depending upon the constitution of applicant unit is made available. The Hospitals/Nursing Homes should have minimum of 20 beds. One of the pre-condition for the project under the scheme is that services of atleast one expert doctor having post graduate qualifications like MD/MS should be available in Hospital/Nursing Home on full time basis. Hospital/Nursing Home is also required to provide medical assistance at concessional rates to patients from low income group. The financial assistance would cover investment in land, hospital building, electro-medical equipments, instruments, hospital furniture, air- conditioners, small generators etc. Under the Scheme, financial assistance is also extended to existing hospitals for expansion/modernisation.

Repayment Schedule

Keeping in view the fact that the hospital and nursing homes will take time to establish its name and market.

The repayment of loan shall be kept as five years excluding moratorium period which would be granted in addition to five years depending upon the implementation period.


II.TOURISM RELATED ACTIVITIES

The Corporation has been granting financial assistance for Hotels, Restaurants, Drive-in-Cinemas, Multiplexes and Tourism related activities in Rajasthan.

Purpose

Assistance under the scheme is available for acquisition of following fixed assets and facilities depending upon the type of activities:
a)Land, Building, Kitchen equipments, Office equipments including telecommunication network, air-conditioners, Interior decoration, Furniture & Fixtures, Conference Hall, Health Club, Swimming Pool, Indoor sports facilities, Shopping Arcade, Garden equipments etc.

b)In case of restaurants set-up in commercial premises, assistance is available to acquire own premises.

Repayment Schedule

Keeping in view the fact that the tourism related project will take time to establish its name and market.

The repayment of loan shall be kept as five years excluding moratorium period which would be granted in addition to five years depending upon the implementation period.

III.COMPOSITE LOAN SCHEME

Rural artisans and craftsmen and all eligible small industrial activities in Villages, Small towns having total credit requirement not exceeding Rs.50,000/- inclusive of working capital are covered under the scheme.

IV.SINGLE WINDOW SCHEME

The corporation has been operating the scheme especially for small borrowers to ensure adequate finance by providing single window facility for availing of Term Loan for fixed assets and Working Capital finance from one institution only.

The salient features of the scheme are as under :

- Assistance is available to tiny and small scale industrial units whose cost of project(excluding working capital margin ) and total working capital requirement is within Rs.200.00 Lac.

- Collateral security to the extent of 150% of term loan for working capital would be required.

- Component of working capital normally should not exceed to the term loan for fixed assets.

- The loan shall be repayable within a period of not exceeding 10 years with moratorium period of 18 to 36 months.

- Designated bank may agree to take over the working capital account within three years. In cases where the bank agrees to finance only additional working capital, the corporation may continue the earlier working capital loans against the specified security.

V.  SCHEME FOR QUALIFIED PROFESSIONALS

Under the scheme, assistance is granted to qualified professionals for setting up their first consultancy venture.


Eligibility

Assistance under the scheme is granted to qualified professionals in the field of management, accountancy, medicine, architecture, engineering, law etc. for setting up professional practice/consultancy ventures for the first time. Assistance to a limited extent for acquiring additional equipments for their practice could also be considered under the scheme in case of the existing established professional firms.

Cost of Project

The cost of the project should be need-based and not exceeding Rs.20.00 Lac. It may include cost of land, building, furniture, fixtures and equipment related to the profession. The cost of land and building should not exceed 50% of the total outlay.

Repayment Period

Five years including initial moratorium not exceeding one year

Other terms & conditions


The applicant should devote his direct and full attention towards his proposed profession /self-employment venture. The premises acquired under the scheme should be used exclusively for professional purposes and not as residence-office.


VI.   SCHEME FOR TEXTILE INDUSTRY UNDER TECHNOLOGY UPGRADATION FUND(RTUF)

Objective

To provide encouragement to textile industrial units in the small scale/medium scale sector for taking up technology upgradation and to modernise their production facilities.

Incentive

The scheme envisages interest incentive of 5% points on the loans availed by small scale/medium scale units for under taking technology upgradation / modernization, however, for the spinning machinery the reimbursement will be four percentage points only.

 Scope of the Scheme

The following activities will be covered under RTUF:

i) Cotton Ginning and Pressing .
ii) Wool Scouring combing & carpet industry .
iii) Silk reeling and twisting .
iv) Synthetic filament yarn texturising, crimping and twisting .
v) Spinning .
vi) Viscose filament yarn .
vii) Weaving, knitting including non-woven fabric embroidery.
viii) Garment/Made up manufacturing .
ix)Processing of fibers, yarns, fabrics, garments and made ups.
x) Technical Textiles including non wovens.

Operating period of the scheme

The scheme would be in operation from 01.11.2007 to 31-03.2012

Promoter's Contribution

Minimum 33% of the project cost


Rate of Interest

The Corporation shall charge interest rate as applicable from time to time under the scheme.  


VII.ASSISTANCE FOR ACQUISITION OF ISO-9000 SERIES

Objective

This scheme has been introduced to promote & encourage adoption of quality management system in SSI units with a view to strengthen their marketing ability and to enable them to acquire export capabilities . SSI units which have proven record of past performance are eligible for assistance, if they :

- Have been in operation for a period of atleast two years.

- Have earned profit and/or declared dividend during the preceeding two financial years.


- Not be in default to institutions/banks in payment of their dues.

Purpose

Expenses on consultancy, documentation, audit, certification fees, equipments and calibrating instruments required would be taken in to account for determining the loan requirement.

Period of Repayment

Normally not exceeding 5 years including moratorium upto one year.

Margin of Security

Rate of Interest

As applicable from time to time under the  Scheme .

Collateral Security

Collateral Security against plant and machinery (hardware & software) and also against fee etc. shall be required.

X.SCHEME FOR FINANCING TO MINING EQUIPMENT/INDUSTRY

Objective

To provide adequate loans to mine owners for faster and better development of mineral properties.

Eligibility

a) The entrepreneurs, who are having valid mining lease for a sufficient area in the name of the promoters/firm.

b) There should be proven mineral reserves of sufficient quantity and acceptable quality in the area where mining lease rights have been obtained.

Purpose

For purchase of basic mining equipments, handling equipments, complimentary and ancilliary equipments.

Security

Besides primary security by way of hypothecation of plant and equipments, collateral security to the extent of 100% of loan amount and mortgaging of mining lease deed, if any.

Promoter's Contribution

Not less than 40%.

Margin of Security

Interest Rate

As applicable from time to time under the scheme.


XI. SCHEME FOR WORKING CAPITAL BRIDGE LOAN

Objective

To provide Bridge loan facilities to the units to meet out their working capital requirement at the initial stages of production, till such time working capital facilities are made available to it by any bank on regular basis.

Eligible Units
New/Existing tiny and small scale units, which are considered by the Corporation for term loan and whose venture outlay i.e. aggregate cost of project(excluding working capital margin ) and total working capital requirement does not exceed Rs.200.00 Lac.

Nature and Amount of Assistance

The term loan under this scheme shall be in the form of Bridge loan for a maximum period of one year from the date of implementation of the project/date of disbursement of first instalment of bridge loan as within this period, the unit is expected to arrange the working capital facilities from any bank to meet out its regular working capital requirement.

The amount of bridge loan would be need based, subject to maximum of 10% of the projected turn over of the first year envisaged in the scheme. However, it would not be more than the quantum of term loan proposed to be extended against the fixed assets.

Promoter's Contribution

Minimum 33% of the project cost(including working capital requirement), however, in cases where higher promoter's contribution has been specified, the same would continue to apply.

Rate of Interest

The rate of interest on working capital bridge loan shall be as applicable from time to time for general term loans.

Security

i) Primary Security

First charge as hypothecation on the current assets .

ii) Additional Security

First charge on the fixed assets financed by the Corporation .

iii) Collateral security to the extent of 150% of the working capital bridge loan. In collateral security besides immovable properties, the securities of NSC/FDRs/IVPs etc. on their face value and not on the maturity value may also be considered.

XII. SCHEME FOR DHABA

Purpose of Loan

a. For purchase of land, renovation/alteration of existing buildings and construction of new buildings few(2-3) rooms for staying.


b. For Kitchen equipments & other equipments like Deep Freezer, Utensils, Fans, Coolers, Gas Burners and Furniture etc.

Financial Assistance

Loan upto Rs.10.00 Lac will be considered.

Interest Rate

As applicable from time to time.

Other Requirements

- Land should be converted for hotel purpose. Approval of building plan and NOC from Local Authority are pre-requisite. If land is not converted, financial assistance only for equipment and furniture may be considered against collateral security.

XIII. SCHEME FOR FINANCING ACTIVITIES RELATING TO MARKETING OF SSI PRODUCTS

Objective

To provide financial assistance to SSI units to undertake various activities necessary to increase their sales turnover in the domestic and export market.

To finance service providers which provide support services and/or infrastructure facilities to small scale sector to improve its marketing capabilities.

Eligible Borrowers

Existing SSI units in the small scale sector with a good track record and sound financial position are eligible for assistance. New units could also be considered on a selective basis.

Specialised organisations providing marketing assistance infrastructure and support services to industrial concerns in the small scale sector.

Purpose

For undertaking various marketing related activities such as

- Marketing Research.
- Advertising .
- Establishing distribution net-work including showrooms/
retail outlets etc.
- Development of infrastructure like setting-up of
permanent exhibition centres including parks etc.
- Marketing support to SSIs like data bank, libraries,
internet services etc.

Rate of Interest

Interest rate as prevailing from time to time shall be charged.

Security

Exclusive charge over the assets acquired out of the loan first/second charge on existing fixed assets and other collateral security as may be deemed necessary.

Period of Repayment

This may vary between three to five years with a moratorium upto one year for term loans to SSIs. The period of repayment could be extended to 8 years for marketing related infrastructure projects.

XIV. SCHEME FOR PROVIDING FINANCIAL ASSISTANCE TO UNITS INTENDING TO SWITCHOVER THEIR LOAN ACCOUNTS FROM BANKS AND OTHER FINANCIAL INSTITUTIONS TO RFC
Eligibility

a)Cases having good repayment behaviour with their respective lending institutions and having categorised as standard loan account.

b)Cases must comply with the eligibility norms for financing by the Corporation on the lines of a fresh case.

c)Proposed term loan must be adequately secured and in any case, the quantum of security should not be less than what has been offered to its banks/other financial institutions.

Purpose of Assistance
(i) Financial Assistance for repayment of outstanding loan of the other FIs/ Banks.
(ii) For repayment of unsecured loan (excluding IFUL)/Creditors towards capital goods, provided it does not dilute the norms of minimum promoter's contribution and debt equity ratio.
(iii) For acquisition of further fixed assests for modernisation, diversification, expansion etc.
Quantum of Loan
The loan will be restricted to the balance outstanding in the account of the unit with its bank/Financial institution at the time of disbursement of the loan under the scheme. Loan can be considered for additional assets also.

Repayment Period & other terms and conditions:
The case would be examined and processed as per normal parameters of the Corporation followed/specified under General Term Loan Scheme.
XV. SCHEME FOR ASSETS FINANCING
The scheme envisages to provide financial assistance to the businessman/entrepreneurs who are interested to purchase the assets of an existing unit from the prospective seller who is no more interested in running the unit what so ever the reason may be.
Eligibility
A Company incorporated under Companies Act/A partnership firm/Proprietorship concern will be eligible to avail financial assistance under this scheme.
ii) If the main promoter/concern had already availed any financial assistance from any bank/financial institution, should have satisfactory track record of payment.  Its accounts should have been classified as standard assets with the financial institution/Bank.
iii) Weightage would be given to the promoter(s) who are          already engaged in the same/related industrial/trading activities.
(iv)  The assets acquired/purchased within a period of 18 months prior to the date of loan application may be considered for financial assistance.
Purpose of Assistance
A.      For purchase of fixed assets as under:-
(i) Land   : Only industrially converted land or land located in RIICO Industrial Area or land which has been approved by local authorities
for commercial purposes.
(i)                 Building:  Should be in good condition.
(ii)               P&M and MFA:  Should be in good condition and residual life not less than 10 years.
Note:The assets of sick/closed units acquired/to be acquired on cash down basis either from the Corporation or otherwise would also be covered.
B.      For addition of fixed assets to make the unit viable.   
C.   Working Capital -  If the case fulfills the criteria of Single Window Scheme.
Amount of Assistance
From Rs. 2 lakhs to Rs.2000 lakhs (Rs.2000 lakhs in the cases of Companies and Rs. 800 lakhs in case of proprietorship, firm).
Margin
(1)     50%  on the acceptable value or purchase consideration of assets whichever is less.
(2)    Usual margin on additional fixed assets as per norms of financing.
Moratorium period
Since the loan is available against existing assets, the moratorium period shall not exceed to 12 months in any case.
Repayment period
The repayment period shall be 5 years from the date of expiry of moratorium period.  The unit shall furnish 20 post dated account payee cheques favouring RFC for repayment of loan in EQI with additional cheques for the interest of moratorium period.
Security
The requirement of security shall be two times of the financial assistance, the loan shall be secured by the following securities:-
First charge over the fixed assets proposed to be purchased.
ii) Personal guarantee of all directors.
iii) In case loan required for additional fixed assets/working capital the concern will be required to furnish security/collateral security as per norms of usual financing by the Corporation.
Basis for calculation of acceptable value
The acceptable value of assets proposed to be financed shall be considered as under:-
LAND & BUILDING:  For determining the value of land and buildings the purchase price as per registered document can be taken into consideration.
PLANT & MACHINERY -   Written down value or purchasing price/MRV whichever is less.
Promoter's Contribution
Overall promoter’s contribution shall be over 40%

Rate of Interest
  As applicable from time to time under the scheme.

Viability of the project
The financing of the assets acquired/proposed to be acquired would be considered only if it is for a part of the project and is found technically feasible and economically viable in terms of norms and guidelines made applicable under general loan scheme.

XVI. FAST TRACK LOAN SCHEME
Many promoters are confident about the successful running of their project and are prepared to furnish additional/collateral security for the term loan for fixed assets which provides extra comfort level to the Corporation. In such cases the Corporation has also decided to reciprocate by providing financial assistance on liberal terms with regards to promoter's contribution, security margin, all without diluting overall financing norms/parameters laid down by the SIDBI/IDBI, Central/State Govt., RPCB etc.  It has also decided to simplify the procedure of disbursement as compared to the general category of borrowers.  This would not only facilitate early implementation of the project but would also enlarge the scope of the business of the Corporation.
 Eligibility criteria
The promoter/concern/company furnishing collateral security for the term loan against fixed assets, would be eligible to be covered under the scheme. However, as a part of specific decision/guidelines of Corporation where collateral security requirement is a must, such as units in rented premises, mining units, transport loan cases, working capital term loan under SWS, projects based on fast changing technology etc., shall remain outside the purview of this scheme. The Scheme would be applicable to the loan cases under General Loan Scheme, but NOT under Good Borrower Scheme/UPGB and NAU Schemes.

Category of promoters
Under the scheme, promoters may be categorised as follows, based on the quantum of collateral security proposed to be furnished for term loan against fixed assets:-

 Quantum of collateral security
"A"
(i)                Where the value of collateral security against fixed assets is more than 80% of loan amount
Or
Where, in the project, the component of land and building is more than 50% of the total investment towards fixed assets and collateral security is not less than 50% of the loan amount.
Or
Where, in the service sector projects like hotel, commercial complex, hospital, nursing homes, proposed to be located in major cities like Jaipur, Jodhpur, Udaipur, Ajmer and Bikaner, the component of land and building is more than 75% of the total investment towards fixed assets of the project and collateral security is not less than 25% of the loan amount.
"B"
(ii)             Where the value of collateral security against fixed assets is mor than 40% but upto 80%
Or
Where, in the project, the component of land and building is more than 50% of the total investment towards fixed assets and collateral security is not less than 25% of the loan amount.
Or
Where, in the service sector projects, like hotel, commercial complex, hospital, nursing homes proposed to be located in major cities like Jaipur, Jodhpur, Udaipur, Ajmer and Bikaner, the component of land and building is more than 75% of the total investment towards fixed assets in the project and collateral security is not less than 10% of the loan amount.
Note: For the purpose of determining the value of collateral security, the value of primary security would not be considered.
Prameters
The eligible entrepreneurs/cases would be entitled to sanction/avail loan on the liberal terms/norms as detailed below:

Note: The next advance disbursement would be subject to proper utilisation of previous advance and would be over and above the admissible disbursement against valuation of assets of the project. Beyond 66% disbursement against sanctioned loan amount, eligible disbursement would be released after carrying out valuation only.
         Other relaxations
a)      Credit reports from reputed persons/Gazetted Officer would not be insisted upon if satisfactory report from Bank has been received.
b)     Cases would be taken up for processing/sanction without waiting for NOC/consent from RPCB and the unit would be allowed to furnish the same as under:
         NOC in 'red category' cases would be furnished before first disbursement of loan (after documentation and release of token money).
         In 'orange category' cases, the same may be furnished uptil disbursement of 25% of sanctioned loan or disbursement of 50% value of collateral security, whichever is less.
         Payment/Receipts for smaller amount in case of plant and machinery and MFA would not be insisted upon to the extent of 10% of the total cost of plant and machinery and MFA.  For such payment only a statement showing the itemwise details of payments duly signed by the promoter and certified by CA shall have to be furnished.
 
XVII. SCHEME FOR FINANCIAL ASSISTANCE TO INDUSTRIAL CONCERNS INVOLVED IN COMMERCIAL CONSTRUCTION ACTIVITIES FOR DEVELOPMENT OF RESIDENTIAL HOUSES/FLATS/HOUSING COMPLEX
OBJECTIVES
To provide financial assistance on commercial basis for construction of housing complex and residential houses/flats either independently or part of commercial complex.

Liquidated Damages:
a) On principal overdue : If there are principal overdues as on
31st March of every year,the liquidated
damages as prescribed in respective
scheme shall be charged on the amount
of default and for the period of default
to be worked out as per repayment
schedule.
b) Interest overdues : Liquidated damages as prescribed in
the respective scheme shall be charged
on the amount due for the period of
default.
Service charges:
Service charges @ 1% pa. Shall be charged over and above interest to be due on quarterly basis alongwith the interest on interest due dates.
Timely Payment Rebate:
No separate rebate would be available for the timely payment.
Pre-payment charges:
Pre-payment of loan is allowed without premium.
Repayment period:
a) The repayment be worked out as per the existing prescribed norms in respective scheme.
Principal:
i. The loan shall be repayable in 4 equal annual instalments.
ii. The first instalment shall fall due on 1st day of month falling immediately after expiry of 12 months from the date of expiry of 3 months from the date of 1st disbursement. In case of non payment dues in time liquidated damages shall be charged as per norms.
iii. The interest shall continue to fall due on 1st day of each quarter.

b) The repayment schedule shall be automatically extended by the instalment replenished. The concern has to ensure that the amount fallen due against principal in a particular financial year shall be cleared in that particular financial year itself ie by 31st March, failing which liquidated damages shall be applicable as above.
c) The interest is payable on due dates failing which liquidated damages shall be applicable as above.
Other Salient features:
a) Drawing and depositing facility: Every borrower may be allowed to withdraw and deposit the amount of WCTL as many times as per the requirement subject to the condition that in any case as on date of withdrawal the outstanding balance including withdrawal in the account shall not exceed principal not due as per repayment schedule.
b) Replenishment of limit: The borrower who is maintaining this account regularly will have the facility of replenishment two times before original LDR after deposit of four instalments. The replenished amount will be added to the principal not due amount as and when it is disbursed. As such no separate account is required to be opened for the replenishment. The LDR shall also be extended by the number of instalments replenished. The replenishment shall be considered at the documented rate of interest irrespective of whatever be the prevailing rate of interest.
c) Additional requirements of working capital can be considered separately for which separate account shall be opened and shall be subject to interest rate prevailing at the time of first date of disbursement.
d) No application fee and processing charges shall be charged for replenishment of WCTL.
e) Transaction fee: Charges are to be levied on the basis of number of transaction of deposit and withdrawal @ Rs.25/- each (excluding entries related to repayment scheduel) on the Ist day of the next quarter.
f) Maintenance of pass-book: Every borrower will be provided a pass book containing details of amount sanctioned,disbursed , interest rate, liquidated damages, service charges, repayment scheduel and the amount replenished etc. This passbook will have basic information of borrower and at the time of every withdrawal and deposit the borrower will ensure that the entries have been made in the passbook by the concerned Branch Office.

XIX.SCHEME FOR FINANCING AGAINST ASSETS

Introduction:
In this scheme the Corporation shall provide financial assistance to prospective borrower for meeting their industrial financial requirements provided the prime security is mortgaged to the Corporation under first charge free from all encumbrances. The salient features of the scheme are as under:
I. Eligibility Criteria:
The following marketable and mortgageable fixed assets are eligible for availing financial assistance under this scheme:
(a) Existing industrial units situated in industrial area saturated and having potential ready to mortgage their prime security with the Corporation under first charge.
(b) Existing commercial complexes, hotels, nursing homes and other service sector situated in Municipal limit of district headquarters ready to mortgage their mortgageable security with the Corporation.
(c) Any other borrowers ready to mortgage their marketable immovable property situated in Municipal limit of district headquarters.
(d) CMD is authorised to consider term loan against the immovable property i.e. land and building only (marketable & mortgageable) situated at Municipal limits of the district head quarters of the State other than Rajasthan in deserving cases with the proviso that the fixed assets of unit located in Rajasthan in which such assistance will be utilised shall also be mortgaged/ pledged with the Corporation.
(e) Switch over cases financed by banks/ FIs shall also be considered for financial assistance under the Scheme after repayment of outstanding loan of banks/ FIs simultaneously on transfer of title documents to the Corporation.


(f) Further term loan assistance to existing assisted running units of the corporation having balance outstanding term loan amount may be considered on the difference of the amount admissible under the scheme and the term loan outstanding in existing assisted running units.
II. Coverage:
(a) Property situated in Municipal limit of each district headquarter.
(b) Immovable property (Land and Building) situated in fast moving industrial areas shall also be considered eligible for mortgage finance.
III. Security:
(a) The security i.e. Land and building shall be under first charge of the Corporation by way of equitable mortgage.
(b) Personal guarantee of proprietor/partners/directors for securing repayment of loan and interest thereon.
IV. Security Debt Ratio:
The minimum security debt ratio of 2:1 shall be maintained.
V. Amount of Assistance:
Rs. 5.00 lac to Rs. 1000.00 lacs only.
In case of residential property loan below Rs. 25.00 lacs shall not be considered.
VI. Repayment Period:
The total loan shall be repayable in 3 ½  years including 6 months moratorium period.
VII. Rate of Interest:
The Corporation shall charge prevailing rate of interest as on date of Ist disbursement of loan under the scheme.
VIII.Financial assistance is also available against immovable properties which is rented/leased out to Corporate bodies/Banks/Financial Institutions/Insurance Companies

LIST OF INDUSTRIAL AREAS ELIGIBLE FOR FINANCING AGAINST ASSETS SCHEME

NEW AREAS INCLUDED IN CLAUSE (b) OF ELIGIBILITY CRITERIA
OF FINANCING AGAINST ASSETS SCHEME

JAIPUR RURAL BRANCH (CLAUSE B & C) :
(A) The residential and commercial areas of Chomu municipal limits.
(B) Commercial areas located at Kotputli Town N.H. 8 (Jaipur- Delhi Road) within municipal limits of Kotputli.
XX.  SCHEME FOR FINANCIAL ASSISTANCE TO WIND FARM/WIND TURBINE GENERATOR
Introduction:
Financing of wind farm and individual Wind Turbine Generator (WTG) may be considered. Eligibility criteria and other salient features of the scheme are as under:
Eligibility Criteria:
A borrower may establish wind farm or individual WTG for captive use of generated power or may sell the generated power to JVPNL (SEB/Power company)/Third party  through power purchase agreement (PPA).
]
Borrower Means:
(a) Proprietorship concern
(b) Partnership firm
(c) Pvt.Limited or Limited company
(d) Co-operative society.
Primary Security:
(a) Exclusive first charge by way of hypothecation/mortgage on fixed assets in favour of the Corporation.
(b) Personal guarantee of promoters.
(c) Deposit of post dated cheques towards payment of instalments of principal loan amount and for instalments of interest payable thereon.
(d) Escrowing of power proceeds ie. exclusive charge on trust and retention account to be opened with any commercial bank for receipt of sale proceeds/revenue of power sold and the said account shall be opened before drawal of first instalment of loan.
Additional Security:
May be required based on financial parameters of the project.
(a)Collateral security on case to case basis depending upon merits and demerits of individual case and promoters.
(b)Second charge on the existing fixed assets of the company.
Promoter's contribution:
The minimum promoter's contribution shall be 33% and the same is to be invested before first disbursement of loan.
Amount of assistance:
Loan from Rs.50.00 lac to Rs.1000.00 lac can be considered under this scheme.
Moratorium period:
The moratorium period shall not exceed twelve months from the date of first    disbursement.
Financial parameters:
(a) Project debt/equity ratio             - Not to exceed 2:1
(b) Project DSCR          - 1.6 or more
Repayment period:
The loan shall be repayable in ten years ; including moratorium period not exceeding one year.
Rate of interest:
As applicable from time to time under the scheme.  

Mode of payment:
The borrower shall furnish 37 PDCs for the payment of principal loan amount which shall fall due quarterly for the repayment period. Payment of interest shall also be made separately through PDCs. From 2nd to 4th year, 25% of principal loan amount and from 5th to 10th year, 75% of principal loan amount would be recovered from the borrower by way of balooning method.  The first instalment of interest shall fall due on the first day of quarter ie March, June, September and December.

Wheeling Arrangements:
Approval from RVPNL/concerned DISCOM is to be obtained for wheeling arrangements before first disbursement of loan in case of captive consumption of power.
Lease deed:
Notarised photocopy (true copy) of lease deed executed between Government of Rajasthan and WTG supplier/Land Developer Company will be submitted before first disbursement. The period of lease would be 30 years.
Sub Lease Deed:
(a) Sub lease deed of 19 years between borrower and WTG supplier/Land Developer Company would be mortgaged to the Corporation after 90 days of commissioning of the plant (WTG).
(b) 10% of eligible disbursement of loan amount will be made after creation of mortgage of sub leased land in favour of the Corporation.
Power Purchase Agreement (PPA):
(a) PPA agreement is to be made between borrower and JVPNL/concerned DISCOM/Third party before first disbursement of loan.
(b) An Escrowing (Trust and Retention) account is  to be opened with a commercial bank by the borrower; for receipt of sale proceeds/revenue of power revenue The said account shall be opened before first disbursement of loan. Through this account, the Corporation will have the first charge on the sale proceeds/revenue of power revenue.
Borrower shall obtain permission for establishing wind power plant from RREC/State Government before sanction of loan.
XXI. SCHEME FOR FINANCING AGAINST ASSETS (SHORT TERM LOAN SCHEME)
1. Eligibility Criteria:
The following marketable and mortgageable fixed assets (land and building) which is free from all encumbrances are eligible for availing financial assistance under the scheme:
(a) Existing industrial units situated in industrial areas saturated and having potential as per annexure-A of the existing scheme ready to mortgage their prime security with the Corporation under first charge.
(b) Existing commercial complex, hotels, Nursing homes and other service sector units situated in Municipal limits of district head quarter ready to mortgage their mortgageable immovable properties with the Corporation
(c) Assistance against the land cost alloted by the government authority like JDA, UIT, Municipalities located at prime location of the municipal areas of the cities at Jaipur, Bikaner, Jodhpur, Kota, Ajmer and Udaipur for construction of the commercial/residential purpose on commercial basis. While considering assistance against land cost alloted by government authorities for construction of commercial/residential complexes/flat under the scheme, the following conditions shall be stipulated:
1. The borrower shall submit the following undertakings:
(i) That NOC from RPCB shall be obtained, if it is so required under the law.
(ii) That the borrower shall get the approved site plan/approved plan for construction of commercial complex/residential complexes/flats from the competent authority and the construction of building shall be made as per the approved building plan/site plan and FAR allowed by competent authority. In case, there is any deviation, the same shall be got approved from the competent authority.
(iii) That no part of the land/complex will be leased out/rented out without prior permission of the Corporation.
2. The borrower shall display a board at site mentioning that the project has been financed by RFC and the purchaser shall have to obtain NO DUES CERTIFICATE from RFC before purchasing the area by them.
3. The borrower shall not sale any part of the land/complex/area without obtaining the NOC from the Corporation during the currency of the corporation loan and in case of sale any part of complex/area the borrower shall deposit with the corporation entire sale proceeds of any part of the complex upto the clearance of total term loan.
(d) Further financial assistance to existing assisted running units of the Corporation:
Further financial assistance may be considered on the difference of the amount admissible under this scheme and the term loan outstanding in existing assisted running units of the corporation having outstanding term loan amount.
While considering further assistance the present MRV of land and building (which is marketable and mortgageable) as per clause ‘A’ and ‘B’ of the eligibility criteria of the scheme as per the norms prescribed by the corporation shall be worked out. The admissible loan amount will be calculated @50% of the MRV of such land and building. Thereafter deducting the balance outstanding term loan amount from the admissible term loan amount, the balance amount shall be considered for further financial assistance under the scheme.
(e) Switch Over cases:
Switch over cases financed by banks/FIs shall also be considered for financial assistance under the scheme as per clause ‘A’ and ‘B’ of the eligibility criteria after repayment of outstanding loan of banks/FIs simultaneously on transfer of title documents to the Corporation.
II.Coverage:
Immovable property (land and building only) mentioned at (a) to (e) of eligibility criteria.
III.Dealings with the financial institution/Banks:
Prime facie there should not be adverse reporting against the borrower by any financial institution/bank in the past and their dealings with the financial institution/bank is satisfactory, if any financial assistance is availed.
IV. Mortgageable fixed assets;
Land and building only falling within the definition as per eligibility criteria mentioned at:
Note: The property proposed to be mortgaged should not be leased out/rented out presently and shall not be leased out/rented out in future without prior written permission of the Corporation.
V.Purpose of loan:
The loan shall be utilised for meeting out working capital requirement or for creation of fixed assets to be used for industrial/commercial/service purpose.
VI. Utilisation of availed loan:
A certificate of CA regarding utilisation of loan availed shall be submitted within 6 months of availing the loan.
VII. Security:
(a) The security ie land and building shall be under 1st charge of the corporation by way of equitable mortgage.
(b) Personal guarantee of proprietor/partners/directors for securing repayment of loan and interest thereon.
(c) In case of category (a) and (b) of eligibility criteria, the other assets like P&M, MFA, F&F etc shall also be hypothecated to the Corporation, if not already hypothecated to banks/FIs. But the value of these assets shall not be considered for financing.
VIII. Admissibility of loan:
Term loan under the scheme shall be considered @50% of the MRV of total land and building worked out as per norms of the corporation.
IX. Amount of assistance:
Loan from Rs.50.00 lac and upto Rs.1000.00 lac.
X. Repayment period and mode of payment:
The total loan shall be repayable in three years including six months moratorium period.
The loan shall be repayable in eleven equated quarterly instalments against principal and interest through post dated cheques. The first instalment (including principal and interest) shall fall due on first day of the quarter i.e. March, June, Sept. and December  falling immediately after three months from the date of first disbursement. In case of any balance amount is payable/recoverable (as the case may be), shall be recovered/adjusted in last EQI.
The branch shall recover interest for the moratorium period exceeding three months by calculating the interest manually and the same shall be recovered alongwith 1st EQI through a separate cheque.
XI. Rate of interest: The Corporation shall charge interest as applicable from time to time under the scheme.
XXII.   Scheme for Financing for Builders/ Commercial/ Residential Complexes/ Multiplexes, Hotels ( Tourism Related activities) Hospitals, Nursing Homes for purchase of Land & Building.
(I)ELIGIBILITY CRITERIA:
The following marketable and mortgageable fixed assets (land & building) which is free from all encumbrances are eligible for availing  financial assistance under the Scheme:-
a)     Assistance against the land cost allotted/ auctioned by JDA, UIT, Municipalities, RIICO, RSHB or any Govt. Authorities or Banks, located at prime location of the municipal areas of the cities at Jaipur, Bikaner, Jodhpur, Kota, Ajmer, Alwar and Udaipur for construction of commercial/ residential complexes on commercial basis, multiplexes, hotels ( Tourism related activities) Hospitals, Nursing Homes.

b)     Assistance against the land and building purchased fromthe private parties (subject to having mortgageable title) at prime location of the municipalities located at Jaipur, Bikaner, Jodhpur, Kota, Ajmer, Alwar and Udaipur for construction of commercial  complex / residential complexes on commercial basis, Multiplexes, Hotels ( Tourism Related activities) Hospitals, Nursing Homes etc.
1)The borrower shall submit the following undertakings:
i) it will comply all legal requirements  i.e. obtaining NOC from RPCB, NOC from local authority and other department, if  required.
ii)that the borrower shall get the approved site plan/ approved plan for  construction of commercial/ residential complexes / flats/ multiplexes, hotels ( Tourism Related Activities) Hospitals, Nursing Homes from the competent authority and the construction  of building shall be made as per the approved building  plan/ site plan and FAR allowed by competent authority. In case,  there is any deviation, the same shall be got approved from the competent authority.
iii)That no part of the land / complex will be  leased out / rented out without prior permission  of the Corporation.
2) The borrower shall display a board at site mentioning that the project has been financed by RFC and the purchaser shall have to obtain NO DUES CERTIFICATE from RFC before purchasing the area by them in case of  Commercial Complex/ Residential Complex/ Multiplexes.
3) The borrower shall not sale any part of the land / Commercial Complex / Residential Complex/ Multiplexes area without obtaining the NOC from the Corporation during the currency of the corporation loan and in case of sale any part of complex/ area the borrower shall deposit with the corporation the sale proceeds of any part of the  complex proportionately in the ratio  of the loan amount of the Corporation and promoter's contribution upto the clearance of total term loan.
II) COVERAGE:
Immovable property ( land  & building only ) mentioned at (a) and (b) of Eligibility Criteria.
III) DEALINGS WITH THE FINANCIAL INSTITUTION/ BANKS
Prima facie there should not be any adverse reporting  against the borrower and its sister concerns by any financial institution/ bank in the past and their dealings with the  financial institution/ bank is satisfactory, if any financial assistance is availed.
IV) MORTAGAGEABLE FIXED ASSETS:   
Land and building  only falling within the definition as per Eligibility Criteria mentioned  at (I).
Note: The property proposed to be mortgaged should not be leased out/ rented out presently and shall not be leased out/ rented out in future without prior written permission of the Corporation.
 V). PURPOSE OF LOAN:
The loan shall be utilized for  purchase of land and building as per  Eligibility Criteria mentioned at (I).
VI) UTILISATION OF AVAILED LOAN:    
A certificate of CA regarding utilisation of loan availed shall be submitted within six months of availing the loan.

VII) SECURITY:
a)     The security i.e. land & building shall be under first charge of the Corporation by way of equitable mortgage.
b)     Personal guarantee of partners/ Directors for securing repayment of loan and interest thereon.
c)     All existing P&M, MFA, F&F in case of purchase of fixed assets of the existing unit shall also be hypothecated.
d)     All future fixed assets like building, P&M, MFA, F&F  shall also be mortgaged.
VIII) ADMISSIBILITY OF LOAN:
(a)   In case of direct allotment/ auction by the Govt. authority as mentioned in eligibility criteria of the scheme, the term loan shall be considered @ 50% of the purchase/ auction price.
(b)  In case of purchase of property from the private party the admissibility will be 50% of the purchase consideration or MRV whichever is lower.
IX) AMOUNT OF ASSISTANCE
Loan from Rs. 50.00 lac and upto Rs. 1000.00 lacs in case of companies, corporations and   registered co-operative socities and upto Rs. 800 lacs in other cases.
X RATE OF INTEREST
The Corporation  shall charge interest  rate as applicable  from time to time under the scheme.
XXIII. SARAL SCHEME FOR SME SECTOR (EXISTING INDUSTRIAL RUNNING UNITS)
1.       ELIGIBILITY CRITERIA:

          Existing industrial running units situated in saturated & potential industrial areas  (as per Annex-A) who are ready to mortgage their prime security (Land & Building ) & hypothecation of Plant & Machinery  & Miscellaneous Fixed Assets with the Corporation under first charge & such units should also fulfill the following:

          a. The loan amount shall be utilized for creation of fixed assets and/or working capital in the same industrial unit which is proposed to be mortgaged.

          b. The proposed property to be mortgaged should not be presently leased out/rented out and should not be leased out/rented out in future without the permission of the Corporation.
c. The repayment behavior & past dealings of the promoters/concern/sister concerns/group concerns with the Corporation/banks/FIs should have been satisfactory.

However, if the units/promoters who have availed any benefits/ reschedulement benefits in the loan accounts of the concern/ sister concerns/group concerns from the Corporation/banks/FIs in the past, than loan under the scheme can be considered  on the terms and condition as mentioned in PG circular No.1210 dated 29.11.2007.

2.       SECURITY:

          i)        The prime security i.e. land and building of the unit shall be under Ist  charge of the Corporation by way of equitable mortgage.

          ii)        All existing and future Plant & Machinery & MFA shall also be hypothecated.

          iii)       Personal guarantee of proprietor/partners/directors for securing repayment of loan and interest thereon.

 3.      AMOUNT OF ASSISTANCE

From Rs.2.00 Lacs and up to  Rs.1000 Lacs only. The maximum limit for proprietorship, HUF and partnership concerns shall be Rs. 800 Lacs and for companies Rs.1000 Lacs.

4.       REPAYMENT PERIOD & MODE OF PAYMENT:

The total loan shall be repayable in 3½  years including moratorium period not exceeding six months.

The loan shall be repayable in 13 equated quarterly installments against principal and interest through post dated cheques. The first installment (including principal & interest) shall fall due on first day of the quarter i.e. Dec., March, June & September falling immediately after three months from the date of first disbursement. In case of any balance amount is payable/recoverable (as the case may be), shall be covered/adjusted in last EQI.

The Branch shall recover interest for the moratorium period exceeding three months by calculating the interest manually and the same shall be recovered along with 1st EQI through a separate cheque.

5.       RATE OF INTEREST

The Corporation shall charge interest as applicable from time to time under the scheme.

6.       DISBURSEMENT

a)       The disbursement shall be made in one  installment or such higher number of instalments as the disbursing authority feels appropriate after satisfying the compliance of terms and conditions of sanction letter.

b)       The disbursement can be made within 6 months from the date of sanction. However, disbursement beyond 6 months can be considered by charging upfront fee @ 0.1% of amount to be disbursed.

LIST OF INDUSTRIAL AREAS ELIGIBLE FOR FINANCING UNDER SARAL  SCHEME FOR SME SECTOR

XXIV. SCHEME FOR FINANCIAL ASSISTANCE TO THE ASSISTED UNITS AFFECTED BY NATURAL CALAMITIES / DISASTER.
1. Eligibility criteria:

The existing RFC assisted units in running condition affected by natural calamities/ disaster i.e.  flood, earthquake, storm / cyclone fulfilling the following:

a) The devastation / losses caused  by the above said  disaster/ calamities  be notified/ specified  by the competent authority for the area in  which the unit is existing. (  a certificate in this regard is required to be obtained from the competent authority).

b) The account of the unit  should be in operation and the unit  should have been regular in repayment of dues of the Corporation.

c)The unit should remain viable even after availment of proposed loan and capable to serve the debt.

2. Admissibility of loan:

i) 50% loan on estimated requirement  for repair of existing fixed assets i.e.  building, P&M and MFA and for purchase of new P&M and MFA against  totally  damaged equipments.

(Note: Loan against  building , P&M and MFA for expansion purpose  shall not be considered under this scheme.)

ii) Debt  Equity Ratio shall not exceed to 2:1

iii) The promoters shall arrange the remaining funds from their own funds in the form of capital  / IFUL as per prescribed norms.

3. Amount of financial assistance

From Rs. 2.00 lac upto Rs. 100.00 lac

4. Security:

The proposed further loan   shall be secured by the following:

i)Further charge by way of equitable mortgage on the  existing land and building  of the unit and  first charge on the future  investment to be incurred against civil construction .

ii)Hypothecation on all existing  and future P&M and MFA.

iii) Collateral security  of mortgagable and marketable immovable assets of value not less than the amount worked out  calculated as under:

Total of existing and proposed loan amount minus existing MRV of land  and building of the unit and collateral security ( MRV to be ascertained as per prevailing norms.)

iv) Personal guarantee of the  promoter(s) for repayment of the loan  and interest thereon.

5. Repayment period and mode of payment:

The proposed loan  shall be payable in 5 years including  moratorium period of 6 months. PDCs shall be taken for principle instalment of loan.

6. Rate of Interest  :

The Corporation shall charge interest as applicable from time to time under the scheme. 

7. Application fee and processing charges:

Application fee @ 1000/- ( alongwith service tax and education cess as applied ) per application   instead of  0.1%  on the amount of loan applied  shall be deposited at the time of filing of loan application. Without the application fee, the loan application shall not be accepted.  Processing charges shall be charged as per prevailing norms.

  Financial assistance to concerns involved in  conducting courses in designing, technical, management, medical, hospitality etc. to provide  trained man power to industrial / service sector

Introduction:

In the preceding years, Govt. of Rajasthan has initiated effective steps for qualitative and quantitative improvement  in technical and professional education in the state. The state is now being recognized as an education hub in north India and some of  the cities viz. Jaipur, Kota, Udaipur, Jodhpur, Bikaner and Ajmer  have emerged as renowned centres for technical and professional education. Last 3-4 years have witnessed the emergence of a number of technical and professional  educations institutions in the state and many of them are in the offing. As many as 10 new universities with latest courses in the field of medical, technical, management, law etc.  have already come into existence. Apart from this scores of colleges with engineering, management, law and medical related courses have come into being all over the state. 

Engineers, MBAs and R&D professionals passing from these institutions would ultimately be contributing to the growth of  industrial activity/ service sector and trade and commerce.

Financial assistance under the scheme shall be considered to  concerns involved conducting courses in designing, technical, management, medical, hospitality etc. to provide trained man power or facilities  to industrial / service sector. Schools and other non professional institutions shall not be considered for financing.

Proprietorship concerns, partnership firms, registered co-operative societies & registered trusts and companies having clear mortgageable land titles in the name of applicant having viable projects located at suitable sites in the state promoted by reputed persons with sound financial background.

C-   Purpose of Loan:
Assistance may be granted to the eligible borrowers for:

D-   Financial parameters:

Other norms/ parameters of appraisal shall be applicable as contained in PG and amended from time to time.

E-   Security:
The loan shall be secured by following:
i)  Mortgage/ hypothecation of land , building, P&M, Furniture & Fixture, lab equipments, air conditioners and other Misc. Fixed Assets
ii)  Personal Guarantee of all the promoters/ trustees/ office bearers
iii) Need based collateral security
iv) Any other type of security, if required by sanctioning authority

F-   Amount of Loan:
Upto  Rs.1000.00 lacs. In suitable cases the limit can be relaxed.

G-   Repayment period:
The loan shall be repayable in a period not exceeding 7 years including moratorium period not exceeding 24 months from the date of first disbursement without considering the implementation period.

H-   Rate of Interest:
Presently, the documented rate of interest under the scheme shall be @14.50% p.a. payable in quarterly installments. Rate of interest shall be reset as per prevailing norms.

I-   Other terms & conditions :

J-   Sanctioning Authority :
As per the prevailing delegation of powers of sanction. Initially, all  loan applications under the scheme shall be processed and sanctioned at HO as per the existing delegation of powers  till further orders.