1. The Scheme:
is intended to provide financial assistance
for new project or to expand / modernise
/ diversify the existing project..
All small scale / medium / large scale
industries and service sector units are eligible for financial
assistance. Proprietary concern, Partnership
concern, Private Limited Company and Public
Limited Company are eligible for financial
shall be considered for purchase of land,
construction of building and purchase
of machinery / equipments, electricals, etc.
of Loan: The maximum exposure
considered under the scheme is given
|Private / Public
The promoter's contribution shall be 35%
for new units and minimum 25% for existing
units with good track record.
The DER shall be 3 : 1 for loans upto
Rs.10 lakhs and 2:1 for loans above Rs.10 lakhs.
7. Repayment period:
The term loan will be repayable over a
period not exceeding 10 years including
an initial moratorium of not more than
2 years. The principal installments
are payable on monthly basis and
interest is payable on monthly rest.
security shall be offered to the extent of
50% of the loan amount and in respect of
highly movable assets that are prone to
rapid obsolescence, collateral security
shall be 100% of the loan amount.