Purpose | To provide financial assistance for acquiring fixed assets / equipment / construction of buildings for:
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Eligibility | Borrowers : All Corporations, Companies, Co-Operative Societies, Firms, Individuals and other legal entities eligible U/s 26 of SFCs Act. Activities : All industrial and service activities defined U/s 2 (c) of SFCs Act. |
Quantum of loan | Upto 75 % of cost of identifiable fixed assets |
Margin |
Micro & Small enterprises : Minimum 22.5% Others : Minimum 25% |
Interest Rate |
Interest rate : 11.50 % - 13.00 % (Net) depending upon Internal Credit Rating Processing fee : 0.5 % of the loan amount + GST |
Tenure of Loan | Upto 8 years with moratorium upto 2 years |
Purpose | To provide financial assistance to Practicing Doctors for:
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Eligibility | Borrowers :
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Quantum of loan | Upto 75 % of cost of equipment Min. Loan : Rs 5.00 Lakhs Max. Loan :
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Margin | Minimum 25% of proposed project cost |
Interest Rate | 12.00 % (Net) |
Collateral Security |
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Charges |
Processing fee : 0.5 % of the loan amount + GST Upfront fee :Nil Premature Premium :Nil |
Tenure of Loan | Upto 8 years with moratorium upto 2 years |
Purpose | Financial assistance for:
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Eligibility | Borrowers :
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Quantum of loan |
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Interest Rate |
13.50% p.a.(Net) Special Interest Concession up to 1.50% p.a. will be allowed depending upon Internal Credit Rating. |
Collateral Security | 110% to 150% of loan amount. |
Charges |
Processing fee : 0.5 % of the loan amount + GST Upfront fee :Nil |
Tenure of Loan | Up to 5 years with moratorium up to 3 months |
Purpose | To provide financial assistance for acquiring fixed assets / equipment / construction of buildings for :
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Eligibility | Borrowers :Companies, Registered Co-operative Societies, Corporations, Firms, LLPs and Proprietary concerns/Individuals with good track record and sound financial position. Activities : Industrial and service activities covered under Sec.2 (c) of SFCs Act. |
Quantum of loan |
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Margin | Minimum of 35% of tangible assets considered for financial assistance including working capital requirement. |
Interest Rate |
13.50% p.a.(Net). Special Interest concession up to 1.50%p.a. will be allowed depending upon Internal Credit Rating. |
Collateral Security |
Term loan : 25% of loan on land, buildings, civil works, 100% to 150% of loan on rocks, furniture, computers. Working Capital : 150% of loan amount. |
Charges |
Processing fee : 0.5 % of the loan amount + GST Upfront fee :0.5% of the loan amount + GST |
Tenure of Loan | From 3 to 5 years with moratorium up to 1 year in cases involving |
Purpose | To provide financial assistance by way of term loans to new / existing micro and small SC / ST entrepreneurs engaged in manufacturing / service sector. | ||||||||
Eligibility | Borrowers :
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Quantum of loan |
Financial assistance by way of term loan to a single borrower not exceeding Rs.25.00 lakhs. The working capital loan component is maximum up to 30% of the project cost. |
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Promoters Contribution |
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Interest Rate |
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Collateral Security |
Collateral security shall be provided at 50% of the loan amount by way of urban / rural / agricultural immovable properties. Or The 3rd party guarantee from one or two guarantors whose combined solvency by way of immovable properties is twice the total loan amount. Or Guarantee from one Government / Public Sector employee, who has left over service covering the loan period plus 2 years to the satisfaction of the Corporation commensurate with the loan amount. |
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Charges | Processing Fee : 0.5% of the loan amount + GST | ||||||||
Tenure of Loan |
Industrial sector : Up to 8 years with a moratorium period up to 2 years for establishing industrial concerns Service Sector:: Maximum up to 5 years with moratorium of 6 months for loans under Service sector. |
Purpose of loan | To provide financial assistance to the existing borrowers of the corporation for meeting the temporary liquidity mismatches arising out of impact of COVID-19. |
Eligibility | All Companies, Co-operative Societies, Corporations, LLPs, Sole proprietary/Partnership Firms, Individuals with good track record are eligible for financial assistance under the scheme. The unit shall be in operation for a minimum period of 3 years. |
Quantum of loan |
Minimum of Rs. 5.00 lakhs. Maximum of Rs. 200.00 lakhs. |
Margins |
No additional margin is insisted for the additional working capital requirements. 10% Margins is to be met by the promoters for acquisition of fixed assets, if any. |
Interest Rate | The rate of interest shall be charged @ 12.50% p.a. (gross) payable at monthly rest on diminishing balances. Special interest rebate @ 0.50% p.a. shall be allowed for prompt payment as per the norms of the Corporation |
Tenure | Shall be repaid within a period of 36 months with a moratorium up to 6 months |
Validity of the Scheme | The scheme is valid up to 31.03.2021 |