Frequently Asked Questions (FAQs)
| S.No. | Question | Answer |
|---|---|---|
| 1. | What is RFC | RFCis a term lending Institution governed under SFC's Act 1951 |
| 2. | What is objective of RFC |
The objective of RFC is providing loan to MSME Units for setting up their projects. |
| 3. | For what purpose for loan is provided |
The Loan is provided for acquisition of land, construction of building and acquisition of Plant & Machinery required in setting up of industrial project |
| 4. | Who are eligible borrowers and what is the maximum admissibility of loan | i) Proprietorship / partnership firms / Trust can avail loan up to Rs.8.00 Crores. ii) Companies / Cooperative Societies having net worth not exceeding to Rs. 30.00crores can avail loan up to Rs. 20 Crores. |
| 5. | How much contribution of Promoters is required | The Promoters are required to contribute minimum 33% of total cost of project as their own capital. |
| 6. | Is there any security is required to avail the loan | Yes, the land and building proposed to be financed would be mortgaged by having first charge over these assets and by hypothecation of Plant & Machinery. |
| 7. | What will happen when value of land and building is not sufficient to cover loan amount | If the value of land and building is not sufficient to cover the loan amount, then collateral security of immovable property situated in Urban area would be required to cover the gap between the loan amount and value of Land and building. |
| 8. | Is any personal guarantee required | Yes personal guarantee of all the promoters / directors / Trustees is required. |
| 9. | What is rate of interest for loan under various schemes. | The rate of interest would be prevailing rate of interest at the time of first disbursement of loan. The current rate of interest is available on the website of the Corporation at www.rfc.rajasthan.gov.in |
| 10. | What is the repayment period of loan | Repayment period is up to 10 years (Including moratorium period of 6 to 18 months) |
| 11. | Where to apply | Loan application can be submitted at nearby Branch Office of the Corporation or can be applied online at our website link. |
| 12. | Contact Number | Contact numbers of our Head Office and Branch Offices are available on our Website : www.rfc.rajasthan.gov.in |
| 13. | What is YUPY Scheme | The YUPY Scheme is a flagship scheme of the Government under which a loan up to Rs. 5 Crores is provided to the young entrepreneurs having age up to 45 years |
| 14. | Who are eligible under YUPY Scheme | The entrepreneurs who are having age up to 45 years and whose minimum academic qualification is Higher Secondary (10+1) or Senior Secondary (10+2) and who have firm arrangement of land in RIICO Industrial Area / commercial viable strategic location. |
| 15. | Rate of interest in YUPY Scheme | Rate of interest in YUPY is 11.50% p.a. |
| 16. | Is there any Subsidy/Interest subvention under YUPY Scheme | Yes, 6% interest subvention is applicable on timely repayment of Loan under YUPY Scheme. |
| 17. | How much loan can be availed under YUPY Scheme | Under YUPY Scheme Loan up to Rs. 5.00 Crores can be availed. |
| 18. | Up to what amount of Loan, interest subvention is given under YUPY Scheme |
Interest subvention is given up to the loan amount of Rs. 1.50 Crores under YUPY Scheme |
| 19. | What will be rate of interest if loan amount is above Rs. 1.50 Crores under YUPY Scheme | Rate of interest will be charged as per GTL Scheme on the amount of loan sanctioned above Rs. 1.50 Crores under YUPY Scheme which is presently (Website lilnk). |
| 20. | Any Other scheme except YUPY in which interest subsidy is given | Yes, in MMLUPY Scheme in which interest subsidy is given as under : i) Loan up to Rs. 25.00 lacs - 8% ii) Loan above Rs. 25.00 lacs and up to Rs. 500.00 lacs - 6% iii) Loan above Rs. 500.00 lacs and up to Rs. 1000.00 lacs - 5% |
| 21. | Existence of the MMLUPY Scheme | The scheme is inexistence up to the year 2024. |
| 22. | How much loan can be availed in MMLUPY | Up to Rs. 10.00 Crores can be availed in MMLUPY Scheme |
| 23. | Any other popular Scheme of the Corporation | There is SARAL Scheme of the Corporation |
| 24. | Up to what amount of loan can be availed in SARAL Scheme |
Up to Rs.10.00 Crores can be availed in the SARAL Scheme with 40% Margin |
| 25. | What is Repayment period in SARAL Scheme |
Repayment period in SARAL Scheme is up to 7 years including 12 months moratorium period |
| 26. | For what purpose loan can be availed in SARAL Scheme | Loan is provided to Existing running industrial units / Hotels / Hospitals for meeting out their industrial financial requirements like expansion, modernization, diversification, acquiring balancing machineries and equipments. |
| 27. | Is any Security is required to avail loan under SARAL Scheme | Yes, exiting prime security (Land & Building) is mortgaged along with hypothecation of existing Plant & Machineries as well as future fixed assets under First Charges free from all encumbrances. |