ELIGIBILITY:
- Small Scale Industrial Units (including artisans, village and cottage industrial units and tiny units in SSI Sector), and ,
- Small Scale Service & Business Establishments engaged in industrial activities only.
PURPOSE:
- Fixed capital investment and / or working capital requirement.
TYPE OF FACILITY : Composite loans.
AMOUNT OF LOAN : Upto Rs. 100/- Lakhs.
MARGIN:
- Nil in case of composite loan upto Rs. 25,000/-.
- 15% - 25% in case of composite loans above Rs. 25000/- and upto Rs. 100/- Lakhs.
SECURITY:
- Charge on assets created out of loan amount and other collateral securities as determined on the merits of each case.
PERIOD OF REPAYMENT:
- Minimum 3 years and maximum of 10 years (which can be extended), with initial holiday of 12 months to 18 months.
To know the current interest rates Click here.
