Finance Your Project Page
Export Trading Companies
Hotels and Tourism-related Projects
Hospitals, Diagnostic Centres
Deep Sea Fishing
Housing and Real Estate Development
Highways, Bridges and Ports
Sick Industrial Units
Industries Requiring Compulsory Licensing
Industries Reserved for Small Scale Sector
a. 1:1 up to 1.5:1 for new companies with minimum/no track record.
b. 1.5:1 up to 2:1 for expansion of good assisted units & other good non-assisted units.
|Up to Rs. 35 Crore can be sanctioned. No cap for term loan under direct financing. However loan exceeding Rs. 35 Crore is subject to approval by State Govt. The minimum amount considered for assistance is Rs.1 Crore except in case of expansion proposals of assisted units, where the minimum limit would be Rs. 50 lakhs.|
Short Term Loan
|May be considered for assisted units on a selective basis.|
|Repayment period is 6-8 years with a moratorium of 2-3 years, on a selective basis.|
|Based on a sliding scale with interest band ranging from 11.00 - 13.00%. Further, a further reduction of maximum up to 1% will be granted at the end of every financial year by reversal of the interest charged, provided there are no arrears of interest as on 31st March of the relevant particular year. The reduction in interest as above shall be calculated on the outstanding principal alone and there shall be no reversal of penal interest portion.|
Working capital term loan
May be considered for units with good performance track record. For the purposes of determining good performance track record, the following parameters are considered.
1. The company has made cash profits during the preceding five years
2. The company has made net profits during the preceding three years
3. There are no overdues to financial institutions/ banks and
4. There has been turnover growth during the previous three years.