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PRESENTED BY:- ADITI CHOPRA, ARPIT JAIN

Contents:-
• Mission
• Introduction
• Objective
• Sources of funds
• Limitations
• Services rendered
• Board of directors
• Scheme for women entrepreneur
• Restricted list
Mission
• RFC's Mission is to optimize
employment generation, crystallize
investment and faster industrial growth in
the State Through long term quality
financing.
INTRODUCTION
• RFC was established under a notification of
the State Govt. at 17 January, 1955 under the
SFC Act, 1951.
• RFC started functioning from 8th April, 1955.
It’s main aim to providing long term financial
support to tiny, small and medium scale
industries in the State.
CONTD…….
• The Corporation has expanded into 34
territorial Branches and 7 Regional Offices in
32 Districts of the State.
• The Corporation has established a Business
Promotion Cell and an entrepreneurs Guidance
Cell at HO which provides assistance and
guidance to the entrepreneurs.
OBJECTIVES:-

1. This Institution was established to help the small


entrepreneur for meeting the financial demand.
2. This was mainly held small service sectors and MSME.
They also finance Transport, Hotel, Motel, Hospital and
other eligible are added from time to time.
3. RFC also provides loan for sick units.
4. RFC also provides finance facilities on the time of
uncertainty for rebirth the enterprises. E.g. latest case at
IOC (SITAPURA at Jaipur)
SOURCE OF FUND
• RFC receives their fund through SIDBI.
• Issue of Bonds.
• It doesn’t accept public deposits.
• State Govt. assists to RFC for finance.
Limitation

• They cannot finance other than SSI.


• They only finance Production, service, hotel & Transport.
• Deposit not expected only loan
• Loan should be industrial / commercial.
• Interest rate depend upon SIDBI interest rate.
Loan schemes
• Hospitals
Under the scheme, financial assistance upto a maximum of Rs.20.00 Crores,
depending upon the constitution of applicant unit is made available .
The repayment of loan shall be kept as five years
• TOURISM RELATED ACTIVITIES
The Corporation has been granting financial assistance for Hotels,
Restaurants, Drive-in-Cinemas, Multiplexes and Tourism related activities in
Rajasthan. The repayment of loan shall be kept as five year
• SCHEME FOR QUALIFIED PROFESSIONALS
Assistance under the scheme is granted to qualified professionals in the
field of management, accountancy, medicine, architecture, engineering, law
etc. for setting up professional practice/consultancy ventures for the first
time. The cost of the project should be need-based and not exceeding
Rs.20.00 Lac. The repayment of loan shall be kept as five year.
Services Rendered

The Corporation grants term loan up to Rs. 2000 lacks to


limited companies and Co-operative societies and up to
Rs. 800 lacks to proprietary and partnership concerns.
Existing industries having Net Worth up to Rs. 10.00
Crore (paid up capital + Free reserve) are eligible for
financial assistance under the provisions of the SFC's Act.
The Corporation also provides short term line of credit
facilities to good borrowers for acquiring fixed assets and
to meet out their working capital requirements.
BOARD OF DIRECTORS
• *Shri Atul Kumar Garg,IAS  
Chairman & Managing Director
Rajasthan Financial Corporation

• *Sh.Alok,IAS,MD,RIICO Ltd.
• Sh.Deepak Upreti,IAS, Secretary Finance(Budget),Govt. of raj.
• Sh.K.G.Alai, General Manager Incharge, NZO,SIDBI, New Delhi
• *Shri A.K.Bhargava, General Manager, SIDBI, Jaipur
• Shri N.K.Padhi, General Manager, S.B.B.J,Jaipur
• Shri A.Grover, Sr.Div.Manager, LIC of India,Jaipur
• Shri R.K.Agrawal,IAS(Retd), Jaipur
• Dr.Ashok Haldia, New Delhi
• *Shri Kamal Mehta, share holder
• Shri Vinod Juneja, share holder
• *Executive Committee Members
How to Apply
We have prescribed application forms for different types of loans

• General Application Forms


* For loan amount up to Rs. 2.00 lacks
* For loan amount above Rs. 2.00 lacks
• Forms for Special Schemes
• * For transport loans
* For bridge loans
• Where to obtain forms:
Application forms are available at prescribed prices in all the
Branch Offices, Sub-offices and Head Office of the
Corporation.
Term Loan Assistance
• Purpose: RFC grants loans for meeting the long term
requirements of the concerns in the form of land, building, plant
and machinery etc. Working capital requirement is also
considered in its special schemes such as composite term loan
scheme and single window scheme. In case of our regular and
good borrowers assistance for working capital is also considered,
under good borrower's scheme.

• Period of Repayment: The period of repayment of loan is


decided in each case depending upon the cash generation of the
project. It varies from 5 to 10 years. The principal amount is
repayable in quarterly installments usually after 12 to 18 months
from the date of commercial production. In case of projects
relating to setting up of hotels.
SCHEME FOR FINANCIAL
ASSISTANCE TO WOMEN
ENTREPRENEURS
• 1. Eligibility Criteria

• All project mentioned here under at (a) to (e) set up by


Women Entrepreneur having minimum promoter share of
51% would be eligible for assistance under the scheme.
• a) New projects in tiny and small scale sector for
manufacture preservation or processing of goods. (Tiny
Enterprises would include all industrial unit and service
industries (except Road Transport Operators) satisfying
the investment ceiling prescribed for tiny enterprise viz.
Rs. 5.00 lac.)
• b) Existing tiny and small scale industrial units and service
enterprises as mentioned above undertaking expansion,
modernization, technology up gradation and diversification.
• c) Sick units in the tiny and small scale sector including,
service enterprises as mentioned above, which are considered
potentially viable.
• d) All industrial activities and service activities (except
Operators) in the SI Sector.
• e) Projects which avail of any margin money or seed / special
capital assistance under the schemes of Central / State
Governments, State Financial Corporations and / other state
level institutions or banks (except state Investment Subsidy)
are not eligible for assistance under this scheme.
Project cost
a) New Project Not to exceed Rs. 10.00 lac.
(including margin money for working capital)
b) Existing units and service Enterprises, Outlay on expansion
modernization, technology up gradation or diversification or
rehabilitation should not exceed Rs. 10.00 lacks per Project.

3. Promoter’s Contribution – 10% of the project cost


4. Rate of interest-Prevailing rate of interest as applicable from
time to time.
5. Debt Equity Ratio : 1.8 : 1
6. Period of repayment :The loan will be repayable over a
period not exceeding 10 years including moratorium of 3 years.
7. Security: collateral security for atheist 25% of sanctioned
amount of term loan in addition to the first charge of the fixed
assets.
Restrictive List of RFC
• 1.Textile processing house except at Bhilwara and
financing under RTUF scheme.
• 2. Waste Spinning
• 3. Ara Machine
• 4. MICR and computer stationery
• 5. Aluminum Utensils
• 6. Special Alloy Steel Castings
• 7. Welding Electrodes
• 8. Plastic Re-processing
• 9. Solvent Extraction Units
• 10. Mini cement plants and Clinker Grinding units
• 11. All types of granite unit (Water/Kerosene based) excluding
granite units
• 12. All types of projects based on ODS (Ozone Depleting
Substances)
• 13. Mining project for Granite Blocks
• 14. Projects of traditional and Mini Off set Printing Press,
Paper Board, Photostat machine, Paraffin Wax and
Chlorinated Paraffin Wax.
• 15. Salt Manufacturing units
RFC building in Udhyog
Bhawan Premises.

Poly Pouches Under


Production

THANKS…..

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