Credit & Financing

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

• 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.