Loan terms and conditions

Financing process - Under this scheme, financing will be in the form of a loan including interest: -

Debt component - 80% (max)

Last debtor's contribution - 20% (minimum)

Debt period and loan posted pone mention period

The duration of the loan will be a maximum of 10 years from the date of the first issue, in which only 2 years loan postponement period on payment of the original amount (loan postponement period is not only for the project and not every issuance For).

Interest rate - The interest rate for the final debtor will be 6.5% (or NDDB fixed from time to time) and will be affected by the full payment period. Interest will be calculated based on a daily multiplier (Daily Product Basis) without compounding.

Commitment Charge

If the cumulative disbursement at the end of the quarter is less than 90% of the pre-accepted cumulative draw-down schedule, the entire debtor of 2% (or at notified rates by NDDB), estimated dropdown schedule, And to pay with the applicable taxes on the cumulative difference between real distribution.

It will be imposed from the beginning of the next quarter to the return of the difference. (Please note that the advance amount received from the NDDB (Imprest Advance) will also be part of the draw-down schedule.)

Securities arrangements for loans - The final debtor will have to provide the guarantee of the State Government as Securities / Reimbursement of DIDF.

Where the final debtor has enough collateral security (collateral security), the state government guarantee can be deleted in that situation. However, NDDB will investigate these cases in consultation with NABARD.

Loan Swapping

The projects available to other financial institutions, which are being implemented, can be considered for debt swapping (swapping) under the DIDF scheme, provided that they complete the following pre-conditions :

The eligible final debtor will have to obtain a no-objection certificate from the concerned financial institution/funding agencies.

The eligible final debtor must complete all the qualifying parameters set under the DIDF scheme.

Any case related to the project/episode should not be pending in court.

Estimated project costs, purchase procedures, and profitability will be reinforced, DIDF's terms and conditions.

Evaluation of the efficiency of the final debtor to provide an adequate return to the State Government Securities

Other Debt Terms

The loan will be approved based on the guarantee of the state government for the final debtor. SPSRC will have to get a commitment letter to the State Government to guarantee the final debtor. Where the final debtor has enough collateral security (collateral security), the state government guarantee can be deleted in that situation. However, NDDB will investigate these cases in consultation with NABARD.

After the final debtor, the fund will be made immediately after the 'Debt Service Reserve Account) (DSRA) (DSRA). The final debtor will have to maintain the DSRA before the minimum 2 quarter interest and basic installments.