Entrepreneurship Development Loan

Entrepreneurship Development Loan

Entrepreneurship Member Development Loan

 Eligibility: CLBSL members planning to commercialize their ongoing IGA.

Loan amount:

  • 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%

Note:

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.