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September 6th, 2016, 02:05 PM
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SBI School Plus
Hi buddy here I have come to get info about on State Bank of India (SBI) School Plus plan , so can you plz tell me about it ? As you asking I am telling STATE Bank of India (SBI) has introduced a new scheme `School Plus' for promotion of computer education and training in approved schools with student strength of 500 and above. The scheme starts to provide timely credit to educational institutions with a flexible repayment programme without straining the liquidity of the institution. Loans can be sanctioned to setup/ expand/ renovate/ modernize educational institutions, such as Purchase of land for building / play ground Construction of school building / auditorium Repair / renovation of existing building Purchase of computer and related equipment Purchase of books/manuals/ software and other training material Purchase of laboratory equipment Purchase of furniture / fixtures Purchase of sports equipment Equipment for mid day meal scheme Quantum of Loan : Need based finance will be made based on the project cost. Repayment : Working Capital Loan is valid for 12 months Term Loan to be repaid in 36 to 96 Months Margin : 20% Security : Primary : Hypothecation of assets acquired by Bank Finance. Collateral : For loan amount upto `10.00 lacs ā Nil ā For loan amount Above `10.00 lacs 50% of Loan amount Last edited by Neelurk; March 2nd, 2020 at 04:27 PM. |
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