State Financial Corporations (SFCs), Technical, Economic Viability, Promotors Contribution, Capacity to Repay Loan, Collateral Securities and Guarantee

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	State Financial Corporations (SFCs) - State Financial Corporations grant term loan for the purchase of land, construction of factory premises and purchase of machinery and equipment for the setting up of new industries or for expansiol1 or modernisation of the existing ones. SFCs generally prescribe a margin of 25 % and allow an initial holiday of two years for the loan repayment (this period can be increased to five years in backward districts). "The major criteria of getting a loan sanctioned, is return on investment and profitability.
The financial institutions have to be assured of repayment of loan. When the Financial Institutions provide loan, they insist on margin money upto 25% from the entrepreneurs. PMRY is a centrally sponsored self employment scheme for educated unemployed youth desirous of setting up an enterprise of their own. persons between the ages ofl8 to 35 years with an annual family income of less than Rs. 40,000 are eligible.
This is relaxed in the case of SC/ST, women, physically handicapped and ex-servicemen. One can set up any industry business service activity and can avail a loan of Rs. 2 lakhs under PMRY. All information can be had from State Director of Industries. The implementation of this scheme is done through District Industries Centres in all states. "How to Approach Banks" by SIDBI may also be referred to." The general conditions for getting loans are - Eligibility Criteria; (b) Technical/ Economic viability; (c) Promoters Contribution; (d) Capacity to repay loan; (e) Collateral securities and guarantee.
Loans are also offered under some special schemes like Prime Minister's Rojgar Yojana - PMRY. This scheme is unfolded mainly for the purpose of generating self employment.

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