What is the Repayment period and due date for Industrial projects?
The Corporation normally fixes the repayment of principal in quarterly or monthly installment covering a maximum period of 10(ten) years including initial moratorium upto a maximumof 18 months from the date of sanction of loan. The interest due on the loan amount required to be paid on 31st March & 30th September each year during the pendency of the loan. The Corporation may also consider repayment in the line of EMI . Mode of receipt of advance a/c payee cheques towards repayment of installment also can be followed.
