www.mizoramruralbank.in

SCHOOL PLUS

PURPOSE

  • Construction of School building /auditorium
  • Repair/ renovation of existing building
  • Purchased of computer and related equipment
  • purchased of books / manuals /software and other training material
  • purchased of laboratory equipment
  • purchased of furnitures /fixtures
  • purchased of sports equipment
  • Equipment for mid-day meal scheme
  • purchased of buses for student transportation

ELIGIBILITY

  • Government Aided Schools
  • Private Schools / Colleges
  • School /colleges run by trust of good standing
  • Technical institute recognised by AICTE/NBA/MCI
  • More than one loan can be granted subjects to repayment capacity as stipulated

QUANTUM OF FINANCE

  • Max- ₹ 1 crore
  • Minimum DSCR :1.75

MARGIN

  • Min.15% of the project cost

INTEREST RATE

  • As Prescribed by the Bank, Interest will be applied on monthly compounding basis
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Largest Branch Network in
Mizoram.
Mizoram Rural Bank
Head Office : MINECO,Khatla
Aizawl - 796001
Mizoram
Nodal Officer for Customer Grievance Redressal
© Copyright 2021 Mizoram Rural Bank. All Rights Reserved.

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