Credit & Finance


In 1997 the Government of India notified ANIIDCO as a State Financial Corporation. ANIIDCO provides financial assistance for setting up of ‘Industrial Concerns’ as per the guidelines of IDBI/SIDBI.


Eligible Activities

Under general scheme, industrial concerns as per IDBI/SIDBI guidelines are eligible for financial assistance like:

  • Units engaged in manufacture, preservation or processing of goods.
  • Transport for passengers or goods.
  • Hotel and Restaurants.
  • Assembling, repairing or packing any article with the aid of machinery or power.
  • Providing engineering, technical knowledge or other service for promotion of            industrial growth.
  • Providing medical, health or other allied service.
  • Construction equipment like Road Roller, Cement mixing machine, Excavator.
  • Shopping Complex; Franchise of any reputed computer institute.
  • Setting up or development of tourism related facilities.
  • Any other such activity as IDBI/SIDBI may specify.

Quantum of loan

75% of the total project cost upto Rs. 10 lakh and 66% of the total project cost exceeding Rs. 10 lakh for purchase of machinery, construction of building.


Rate of Interest

Interest is charged based on SIDBI PLR and present rate being

Upto Rs. 50,000/-
= 9.95 %
Above Rs. 50,000/-upto Rs. 2,00,000/-
= 10.95 %
Above Rs. 2,00,000/- upto Rs. 25,00,000/ -
= 11.45 %
Above Rs. 25,00,000/-
= 11.95 %
  • Rebate of 1% for prompt payment.
  • Concession of 2 % is available to industrial projects engaged in Tourism, Horticulture, Fisheries, Food-Processing and Environment friendly projects like recycling waste etc.

Promotor’s Contribution

Minimum 25% for the project cost upto Rs. 10 lakh and minimum 34% for project cost exceeding Rs. 10 lakh.


Security

  1. Upto Rs. 2 lakh – Govt. servant guarantee.
  2. Above Rs. 2 lakh – Collateral security of land, building, bank guarantee etc.

(Tourism/ Transport  projects upto Rs. 5 lakh available against Govt. servant guarantee)



Repayment period

A maximum period of 10 years with a moratorium period of 6 months to 2 years depending on the project.



How To Apply

Application should be made in the prescribed form available in the Corporation on payment of Rs. 50/- along with required documents.



Processing Fee

Processing fee of 0.25% of the loan amount subject to a maximum of Rs. 1000/- plus applicable service tax.



For further details regarding loans you may please contact:

Sr. Manager (Credit & Finance),

ANIIDCO, Vikas Bhawan

Port Blair – 744 101

Phone: 243010, 234108, 236086 (Ext. 54)