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