IDBI Bank
provides finance for production of feature films
as defined under the Cinematograph (Certification)
Rules, 1983. Advertisement films, short films,
documentaries etc. are not eligible for financing.
A film production house, promoted by reputed producers,
backed by established directors & other technicians
and possessing satisfactory track record are eligible
to avail assistance under the scheme. In case
the entity is recently formed, track record
of the main promoter(s) is considered. Assistance
would be not less than Rs.2 cr and not exceeding
50% of the estimated cost of the film. Interest
rate would generally be rate in the prevailing interest
rate band. |