Entrepreneurship Development Loan
Entrepreneurship Member Development Loan
Eligibility: CLBSL members planning to commercialize their ongoing IGA.
- Maximum loan investment limit for members who are only associated only with CLBS after 3 years Nrs. 3,00,000
- Maximum loan investment limit for members who are only associated only with CLBS after 5 years Nrs. 5,00,000
Repayment period: Installment Repayment period from 12 to 60 months
Interest Rate: 15%
Service Charge: 1.5%
Penalty Provision: Any Breach in Loan Agreement or delay in payment of Installment in assigned timeline will result in 3 percent penalty on outstanding Loan Amount.