Scheme Name: BICICO Equipment Finance Scheme

State: Bihar

Description of the Scheme: Term loan for acquiring equipments.

Target group :

Sector of the Scheme:

Eligibility Criteria: Industrial unit in operation for at least 4 years and running in profit for at least two preceding financial years may avail term loan for acquiring equipments.

Nature & Mode of Assistance: Term loan upto Rs.90 lakhs for acquisition of machineries/balancing equipments
Interest rate 15.5% (PLR)
Loan is repayable within 5 years.

"Financial Information (Subsidy, low interest rate, etc.)": Interest rate 15.5% (PLR)

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply: Submit applications in triplicate for Equipment Finance scheme along with copy of project reports to the Corporation
Application form : http://www.bicico.com/contents/applicationform.doc

Whom to Contact: Bihar State Credit and Investment Corporation Limited. 4th Floor, Indira Bhawan
Ramcharitra Singh Path, Bailey Road Post Box No-204 GPO
Patna 800 001(INDIA)
E-mail:mdbicico@gmail.com