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Sarothi

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More Info
industries.assam.gov.in
Organization
Government of Assam
Fund type
Other
Source
Government
Status
Live
Focus area
Biotech, Medtech, Health & rehabilitation | Agriculture, food and nutrition | Cleantech, energy, environment, waste, sanitation | Automation, mobility | Industrial Products | Material Tech, textiles | Space and Aviation | Edtech, Fintech | Other sectors | Electric vehicles
Target
Limited Liability Partnership, Private Limited Company
Fund range
< Rs. 10 lakhs
Fund stages
E. Market Entry | F. Expansion

The financial assistance has been proposed to be provided in the form of Interest Subvention on loan (Term Loan +Cash Credit) @ 5% P.A. initially through Assam Gramin Vikash Bank (AGVB) to applicant industries. Later on Government may bring in more bank/s under the purview of the scheme

Purpose

Basic objective of the scheme is to provide financial assistance in the form of loan with Interest subvention through a designated Bank covering whole of Assam. The loan so availed by the beneficiaries will be supported by the State Govt. through Interest Subvention @5% P.A.