In view of the difficulties faced by the commercial units like hotels, small industries, agricultural projects and contractors executing government contracts, due to the onslaught of the pandemic COVID-19, the Government of Sikkim directed this Bank to come out with some nursing schemes to support such units under finance from the State Bank of Sikkim. In order to meet the temporary liquidity mismatch in their existing business and to lend helping hand to revive their business to pre-pandemic position, State Bank of Sikkim has launched “SBS COVID REHABILITATION LOAN SCHEME” and “RELIEF PACKAGE” for the units/borrowers under finance from the Bank, whose status of account as on 29.02.2020 was regular and standard following facilities are available under the scheme.
- Rehabilitation loan upto Rs. 50.00 lakhs to meet the liquidity mismatch.
- Reduction in rate of interest by upto 2.00%.
- Extension/Additional Moratorium upto 6 months.
Eligible interested borrowers may apply in the prescribed format to the General Manager (Loans), State Bank of Sikkim, Head Office, Gangtok.
- Sd/-
- (P.Wangdi Bhutia)
- Chief General Manager
- Cum
- Managing Director (i/c)