To extend financial assistance to Class I & II categories of
approved contractors of State Government and State Government Agencies for
meeting their working capital requirements to execute the civil, mechanical and
electrical and other work orders entrusted with them.
Class I & II contractors of State Government / State
Government Agencies – both MSME and Large Enterprises.
should be in existence and in operation for the past two financial years and
should have earned cash profit for the last two financial years.
The networth of the units should be positive.
units should be in standard
assets category of TIIC /Banks for the last two
3. Quantum of Loan :
Loan shall be 75% of the total project cost i.e. the work order value less
the cost of materials and any advance given by the work issuing authority.
quantum of assistance shall be Rs.20 lakhs and maximum quantum of assistance
shall be Rs.5 crores for limited companies and Rs.2 crores for proprietary
/ partnership firm.
4. Promoter's Contribution:
Promoter’s contribution shall be minimum 25% of the total project cost.
5. Debt Equity Ratio:
The overall Debt Equity Ratio for the concern shall not exceed 2:1 including
assistance under the scheme.
The repayment period shall be
flexible subject to a maximum of 5 years
including a moratorium of 6 to 18 months
depending upon the nature of the project
and the repayment shall be in
monthly instalments. Repayment shall
not exceed 12 months beyond the tenure of
Collateral Security :
Collateral security to the extent of 150% of the loan sanctioned shall be