Scheme: The scheme is to
extend financial assistance to New / Existing Units in Micro and
Small Enterprises with overall project outlay of Rs.50.00 lakhs.
New Enterprises in Micro / Small scale sector for
manufacture, preservation or processing of goods irrespective of
location and service sector projects
like Hospitals, Fast Food restaurant
etc. except Small Road Transport
Existing Micro and Small Scale Industrial Units and
Service Enterprises, undertaking Expansion, Modernization,
Technology Upgradation and Diversification irrespective
For Creation of Fixed Assets
4. Quantum of Loan:
For New Units,
term loan 80% of Project cost subject to
a maximum of Rs.40.00 lakhs will be
existing units, term loan of 75% of
Project cost subject to a maximum of
Rs.37.50 lakhs will be considered.
5. Project Cost:
Project Cost shall not exceed Rs.50.00 lakhs
in case of New Unit. In respect of existing units, Project Cost including
existing project outlay shall not exceed Rs.50.00 lakhs
6. Promoter's Contribution:
The Minimum Promoter's contribution shall be fixed at 20%
of the project cost.
Equity Ratio : DER for new Units is
4.00 : 1.00 and for existing units is 3.00 :
Repayment Period : The loan repayment
period shall not exceed 6 years including
moratorium of 6 - 24 months.
Collateral Security : The collateral
security offered shall be stipulated as per
the existing policy guidelines.
here for Rate of Interest