MRB SHOPPE PLUS SCHEME

Objective

Seeing the recent all round growth of new multiplex structures and shopping complexes in urban and metro centres“MRB Shoppe Plus” has been devised to tap the potential available for financing:

  • the purchase of premises for new or old shops/establishments/offices by SMEs, SSSBEs, self-employed and professional persons, etc.
  • expansion / addition / alteration / modernization / renovation / facelifting of the above types of business premises
  • Setting up of dealership showrooms under tie-up arrangement with the reputed industrial/business houses
  • Acquisition of premises for Training Centres, Service Centres, Repair Centres, Garages, etc.
  • purchase of furniture / fixtures, electrical fittings and other accessories required for hops /establishments /showrooms / offices.

Age

Minimum 21 years ; Maximum: 65 years

Eligibility

Individuals, proprietorship & partnership firms, trusts, franchises are eligible to avail financial assistance for the purposes mentioned above.

Quantum of Loan

The cost of purchase / acquisition of the business premises, furniture, fixtures, etc. less the stipulated prescribed margin subject to a maximum limit of Rs. 20 lacs.

Margin

  • Purchase /acquiring new property : 25%
  • Purchase /acquiring of old property: 40%

Interest Rate 

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

Useful Links

RBI NABARD IBA BCSBI NPCI Rupay