MEGHALAYA INDUSTRIAL DEVELOPMENT CORPORATION (MIDC)
Meghalaya Industrial Development Corporation was set up under the Companies Act, 1956, as a wholly owned state government undertaking for promotion and development of medium and large industries. In addition to provision of financial assistance,it is also involved in developing industrial infrastructure like industrial estates, industrial parks, etc. and setting up industrial projects either on its own or in the joint sector in collaboration with private entrepreneurs or as wholly-owned subsidiaries.Meghalaya Industrial Development Corporation has developed industrial infrastructure facilities to enable prospective entrepreneurs to set up their industries in the state.
The Corporation also renders technical assistance to the entrepreneurs in the formulation of the project reports and provides common facilities in the industrial estates.
loans and advances to the industrial units in the medium and large
sectors to the maximum of Rs.400 lakhs. The interest rate ranges between
13.5% to 17% depending upon the size of the loan.
FINANCIAL SCHEMESThe loan schemes for various purposes are:
Interest Rate StructureThe interest rate structure for the various loan schemes are as follows:
The period of loan depends on the D.S.C.R
Maximum period of 10 (ten) years is permissible.