The Scheme: The scheme is introduced
for purchase of Generator Sets to enable
the industrial units to meet the power shortage
due to restrictions imposed on use of electrical
motive power and for captive use.
All Industrial units (MSME) are eligible
to get financial assistance. Proprietors
/ Partnership concerns, Private Limited
/ Public Limited companies are eligible
for availing financial assistance.
3. Project cost:
Contribution : The
promoter's contribution shall be minimum
5. Debt Equity Ratio: The overall
DER including existing Term Loan shall be
2 : 1 (maximum).
6. Repayment Period:
The loan shall be repaid within 5 years
including a holiday period of 6 months.
In respect of assisted units in
"standard category" no
collateral is insisted. For assisted
units not in standard category for the
last 3 years, collateral security to the
extent of 20% of the generator loan amount
is obtained. For units not assisted
by TIIC, 50% of the loan amount shall be
here for Rate of Interest