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The Corporation fixed the Benchmark Primary Lending Rate (BPLR) at 13% (Net) for the FY 2009-10.  Further decided to levy interest rate to borrowers based on the credit rating & BPLR for loans above Rs. 60 lakhs w.e.f 01.12.2009.

The lending rates of the Corporation  w.e.f. 01.12.2009. in respect of loans upto Rs. 60 lakhs :

Sl. No. Size, Type of Loan, Scheme and loan amount Revised Net Interest Rate w.e.f 01.12.2009 ( % p.a.) 1 Term Loans to   SME and Service Sector including Hotels, Hospital  loans  under TDMF, ISO 9000 Series, Transport Vehicles, Bore-well rigs, road laying and heavy earth moving equipments etc.  14.00 2 All Working Capital Term Loans / working Capital Loans sanctioned under Single Window Scheme/Working Capital Term Loans to Civil Contractors. 14.50 3 Loans for construction of Commercial and Residential Complexes  15.50 4 Financial assistance to Practicing Doctors and Existing Nursing Homes for acquiring fixed assets up to Rs.25.00 lakh 13.00 5 Assistance for Marketing of SSI Products  14.50 6 Corporate Loans 15.00

Note

Interest rates mentioned above are net rates. In respect GES/SES cases a special interest concession up to 1% can be considered as per the existing guidelines. The concession is not applicable to the loans sanctioned to the practicing doctors/existing nursing homes for acquiring fixed assets and Assistance for Marketing of SSI products.