Loans under this scheme are sanctioned only to the State Government employees on the strength of recommendation and undertaking given by the Drawing & Disbursement Officer and Head of Department to the effect that repayment of the loan as conveyed to the Department by SIDICO. 
The maximum amount admissible under the Multipurpose Loan is Rs. 20,00,000/- , subject to a maximum limit of 25 times of the net pay of the employee and bears a simple interest rate of 12.50% p.a.
           
The loan is repayable on EMI basis within 7 years.  
Scheme details can be downloaded here.

Details of sanction and recovery under the scheme for the past 10 years are as under:

Sl. No	Financial Year	No.of Beneficiaries	Amount (Rs.)	Recovery (Rs.)
1	2013-14	285	438.15	1025.39
2	2014-15	258	598.65	1017.40
3	2015-16	365	1058.60	1072.62
4	2016-17	364	1150.24	1060.72
5	2017-18	277	865.70	1210.66
6	2018-19	211	1070.00	1237.15
7	2019-20	179	1100.60	1246.85
8	2020-21	193	1410.51	1180.06
9	2021-22	245	1395.15	923.12
10	2022-23	324	1792.00	1243.23
Total		2701	10880	11217