Loan scheme for Private software technology parks and Software development

(a) Private software technology parks
Units having own site measuring 5000 to 10000 sq. ft./ in good locality who propose to set up software technology parks for the purpose of on warded lease to software units in cities like Bangalore, Mysore, Mangalore, Hubli-Dharwad, Belgaum and Hassan are eligible for assistance. Minimum promoters contribution will be 25% and debt equity ratio shall be 2:1.

(b) Software development
Entrepreneurs desirous for setting up units for software development for export and domestic market who possess engineering graduation from reputed college/ university with specialization in computer science and work experience in any foreign software companies or MNC or in the top 20 software export companies identified by NASSCOM in the previous year for a period of at least 5 years in the position of software Manager or higher and units to be set in important growth centers are considered for assistance. Minimum promoters contribution will be 25% and debt equity ration shall be 2:1.