Credit Guarantee Scheme

Loans

This a new scheme under the Small Business Resource Center (SBRC) guaranteed by the Royal Government and the Banks in the ratio of 60:40 for encouraging and creating self-employment opportunities, particularly among those who have acquired skills through the vocational programmes of the government and who have no assets to offer as collateral and also to promote lending to small and micro enterprises.

Eligibility	Any individual possessing a year’s proven skills acquired from the formal and non-formal vocational based training institutes. Selected candidate in Basic Entrepreneurship Course under SBRC, MTI, Thimphu. The applicant must not have received earlier financing under the Scheme. The applicant must not be an assisting defaulter borrower of any financial institution, or have defaulted in any previous loans obtained from any financial institution in Bhutan.
Purpose	Establishment of new business ventures related to manufacturing / service sectors.
Quantum of Loan	Maximum Nu.200,000/-
Rate of Interest	12% per annum.
Repayment Period	5 years (maximum).
Security	Government Guarantee.
Documents Required	Recommendation from Small Business Resource Center (SBRC) of Ministry of Trade & Industry, Thimphu. Detailed Project Report of new business venture.

For further information, please contact our nearest branch or the Credit Department at Head Office, Phuentsholing.

Note	Buy	Sell
US Dollar	56.65	58.50
Pound	88.55	91.00
EURO	75.45	77.55
Yen(100)	59.65	61.30
Swiss Franc	61.30	63.05
Hongkong Dollar	7.30	7.50
Canadian Dollar	55.75	57.30
Australian Dollar	54.40	55.95
Singapore Dollar	45.25	46.55
Danish Kroner	10.10	10.40
Norwegian Kroner	9.85	10.15
Swedish Kroner	8.75	9.00
As on 16-17.06.2013