MRB SCHOOL PLUS SCHEME

Objective

Financing to

  • Primary and Higher secondary schools.
  • Graduation, Under-Graduation and Post-Graduation colleges

for the purpose of

  • 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
  • Purchase of buses for student transportation

Note: Professional colleges and coaching institutes are excluded from this scheme.

Eligibility

  • Government Aided schools / colleges.
  • Private schools / colleges
  • Schools / colleges run by trusts of good standing
  • Technical institutes recognized by AICTE / NBA /MCI

Quantum of Loan

No limit

Margin

20% of the project cost

Interest Rate 

Interest will be charged at prevailing rate on daily reducing balance at monthly rest.

Useful Links

RBI NABARD IBA BCSBI NPCI Rupay