| |
This a new scheme under the Small Business
Resource Center (SBRC) guaranteed by the Royal Government and
the Banks in the ratio of 60:40 for encouraging and creating
self-employment opportunities, particularly among those who
have acquired skills through the vocational programmes of the
government and who have no assets to offer as collateral and
also to promote lending to small and micro enterprises.
Eligibility |
-
Any
individual possessing a year's proven skills acquired
from the formal and non-formal vocational based
training institutes.
-
Selected
candidate in Basic Entrepreneurship Course under
SBRC, MTI, Thimphu.
-
The applicant
must not have received earlier financing under the
Scheme.
-
The applicant
must not be an esisting defaulter borrower of any
financial institution, or have defaulted in any
previous loans obtained from any financial institution
in Bhutan.
|
Purpose |
Establishment
of new business ventures related to manufacturing
/ service sectors.
|
Quantum
of Loan |
Maximum Nu.200,000/-
|
Rate of
Interest |
12% per annum.
|
Repayment
Period |
5 years (maximum).
|
| Security |
Government Guarantee.
|
Documents
Required |
- Recommendation from Small Business Resource Center
(SBRC) of Ministry of Trade & Industry, Thimphu.
- Detailed Project Report of new business venture.
|
For further information, please contact our nearest
branch or the Credit Department at Head Office, Phuentsholing.
|
|
|
