ANIIDCO offers fin assistance for self employment ventures

Port Blair
14 Jun 2018

The Andaman and Nicobar Islands Integrated Development Corporation (ANIIDCO) extends financial assistance for setting up of industrial concerns as per the SIDBI guidelines. The activities for which financial assistance is provided includes manufacturing preservation or processing of goods, transport of passenger or goods, Hotel and Restaurants, etc. The quantum of loan is 75% for project cost upto Rs. 10.00 lakhs and 66% of the project cost above Rs. 10.00 lakhs.
The rate of interest varies from 9.5% to 11.5% with the rebate of 1% for prompt payment and 2% interest concession for projects in Tourism, Fisheries, Food processing and environment friendly projects like recycling waste, etc.
ANIIDCO proposes to organizes a loan awareness programme at 3.00 pm on June 22 at Megapode Resort here. Persons interested to avail loan for setting up of self employment venture have been requested to attend the programme or contact Sr. Manager (Credit & Finance), Vikas Bhawan on phone no. 03192 – 237251/9434281011, a release from the General Manager (Credit & Finance), ANIIDCO said.