About Plant Development/ Renovation Loan

Plant development and renovation can be costly affair. Therefore, this product will cater such capital intensive requirement of businesses and the borrower can use the fund to not only do repairs on the existing plant but also purchase new furniture, fittings and furnishings be it sofas or electronics to heavy equipments use in kitchens of the restaurants.

The eligibility and required documents must be checked first before applying for this loan.

Plant development/Renovation Loan Products

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Equipment Financing

These types of loans are predominantly for the manufacturing businesses. Equipments can be costly, but can be crucial for the operation and expansion of a business. To purchase equipments, most finance company have specialized loan products to meet this need.

Production support

You can avail this loan to meet the production expenses of your business and accelerate your business but terms and conditions applied.

Features of plant development loan

All loans are not created equal, working capital loan has become a great option for people to use.

suitable Loan size

This is a loan with ticket size up to 20 lacs, given for period of up to 36 months. The repayment of these loans will be on monthly basis.

Flexible repayment & No processing Fees

Interest calculation will be at monthly rest
and no processing charges

20% Funding on Loan

The total financing will be up to 20% of the total projected turnover of the business.

Flexible Pre-closure and the pre-payment

Pre-closure and the pre-payment of such loans are all allowed at no additional cost or penal charges. Late Repayment fees of INR 50/day will be charged

Plant development loan - Eligibility

Renovation/Development plan must be submitted along with cost break up and should be legally compliant. if any asset financing is involved, it will follow the financing procedure of machinery loan and the product will be under the category of composite loan. Pre-renovation site images to be submitted while applying for the loan. Post-renovation site images to be submitted after the development or renovation.

Proof of Established Business

Applicant should have a registered Business/Legally permitted business/activities

Proof of Tibetan

The member should be Green Book Holder.

Age

Applicant must be above 18 years of age.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Unlike Tibetan Refugee Livelihood Support Program (TRLSP), the Commercial Loan Program will not bind by any period for application submission unless specifically specified while scheme launch.

Any Tibetan entrepreneurs through the settlement office.

Currently, our policy allows one loan scheme for a family at a given time. Hence, if the applicant is an active client of GDF, He/she must wait until the existing loan tenure is finished or close the existing loan account before availing any other loan scheme.

Allowing any such changes will be based on the specific case, although such changes will require the applicant to notify partner organization, revise the document and submit it again through partner organization.

Currently, there is no option for the borrower to avail any moratorium period on loans sanctioned by GDF except under circumstances as may be notified by the Reserve Bank of India

GDF from time to time will collaborate with various institutions/ organizations to provide financial access to the targeted clients. Such collaboration will help GDF to leverage these partner organization’s experience and knowledge of the potential customer and result in more efficient underwriting process.

Currently for general public, Tibetan Settlement Offices will be the point of contact through and through they can apply for credit facility from GDF.
While in future, GDF might explore many such partnerships which will bring synergy between GDF and such community based institutions. Ultimately, resulting in better effectiveness and efficiency.

Any such schemes will be announced through official website of Central Tibetan Administration (http://bod.asia/) and through GDF’s Official website (https://gangjongdevelopmentfinance.com/).

Yes. GDF’s products are specifically designed to meet the need of their potential clients. Hence, in such aforementioned events, the loan products will always be available for general public.

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