Ex-Serviceman Loan Scheme

This scheme is for ex-serviceman /widow's of ex-servicemen to set up small industrial units, acquire transport vehicles, set up hotel/ tourism related activities for gaining self employment. The maximum loan assistance is Rs. 11.25 lakhs and the ceiling on project cost is Rs. 15.00 lakhs. 15% of the project cost subject to a maximum of Rs. 2.25 lakhs is eligible as Soft Seed Capital, which carries 1% p.a. service charges. The promoter's contribution is only 10% of the project cost. Soft Seed Capital assistance is not available for acquisition of transport vehicle.