Government Guarantee

 

Tripura Minorities Cooperative Development Corporation Limited borrowed Rs. 717.00 Lacs from NMDFC, New Delhi against Block Govt. Guarantee (BGG) of Rs. 970.00 Lacs and as on 31/03/2012 Rs. 156.47 Lacs received from the State Government as share capital. The Corporation borrows fund from NMDFC of 85% of each unit cost on interest @4% and the remaining contribution of 10% & 5% are borne by the TMCDC & beneficiaries respectively. The Corporation so far disbursed Rs. 7,43,20,407/- to 1073 nos of beneficiaries.