The Corporation would endeavour to extend comprehensive services including term loan, working capital and special schemes that may be required for benefit of the SME sector. The Interest and principal are to be paid in monthly rests for all schemes.
The extent of financing is based on the type of the project and credit rating. Interest rates, extent of financing and maximum period of loans are given below:
Sl.No. |
Scheme Code |
Name of scheme |
Promoters contribution |
Debt Equity Ratio (DER) for the project |
Interest rate gross linked to PLR++ |
Rebate for prompt payment |
Interest reduction based on credit rating |
Effective rate after rebate and deduction |
1 |
TL |
Scheme for Term Loan for industrial activities |
|
|
|
|
|
|
|
|
a) General |
33.34% |
2:1 |
15.50% |
2.00% |
1.00% |
12.50% |
|
|
b1) Small/Medium enterprises in Manufacturing Sector (existing loans) |
33.34% |
2:1 |
15.50% |
3.50% |
1.00% |
11.00% |
|
|
b2) Small/Medium enterprises in Manufacturing Sector (First disbursement on or after 1/10/11) |
33.34% |
2:1 |
15.50% |
2.00% |
1.00% |
12.50% |
|
|
c) Small/Medium enterprises in Service Sector |
33.34% |
2:1 |
15.50% |
2.00% |
1.00% |
12.50% |
|
|
d1) Micro enterprises in Manufacturing Sector (existing loans) |
25.00% |
3:1 |
13.50% |
4.50% |
1.00% |
8.00% |
|
|
d2) Micro enterprises in Manufacturing Sector (First disbursement on or after 1/10/11) |
25.00% |
3:1 |
15.50% |
2.00% |
1.00% |
12.50% |
|
|
e) Micro enterprises in Service Sector |
25.00% |
3:1 |
15.50% |
2.00% |
1.00% |
12.50% |
|
|
f) NRKs |
|
|
9% (fixed) |
|
|
|
|
|
g) Women & SC/ST Enterprises* |
|
|
|
|
|
|
|
|
h) Energy Saving Projects |
25.00% |
3:1 |
14.50% |
8.50% |
1.00% |
5.00% |
2 |
|
Single Window Scheme** |
33.34% of project cost
25% of working capital requirement |
- |
15.50% |
2.00% |
1.00% |
12.50% |
3 |
|
Working Capital Term Loan |
25.00% |
3:1 |
15.50% |
2.00% |
0.00% |
13.50% |
4 |
|
Working Capital Revolving Fund Loan |
25.00% |
3:1 |
15.50% |
1.00% |
0.00% |
14.50% |
5 |
|
Construction Activities and Housing Project |
40% |
1.5:1 |
16.50% |
2.00% |
1.00% |
13.50% |
6 |
|
Takeover of loans from Banks/FIs |
33.34% |
2:1 |
15.50% |
2.00% |
1.00% |
12.50% |
7 |
|
Short Term Loan Scheme |
10% |
9:1 |
15.50% |
1.00% |
0.00% |
14.50% |
8 |
|
Special Working Capital Assistance to Hotels |
0% for Bar licence
25% for working capital |
- |
16.50% |
1.00% |
0.00% |
15.50% |
9 |
|
Assistance to Micro Finance Institutions |
- |
- |
13.50% |
0.00% |
0.00% |
13.50% |
10 |
|
Scheme for Financial Assistance to Civil Contractors |
25% |
3:1 |
16.50% |
1.00% |
0.00% |
15.50% |
11 |
|
Scheme for Financial Assistance for producing Films and TV serials |
50 |
1:1 |
15.50% |
0.00% |
0.00% |
15.50% |
*An additional interest reduction of 1% shall be given. Subject to the condition that the effective rate of interest is not less than 12.5%. All other parameters have to be complied with.
** For term loan component of SWS for manufacturing sector (existing units), rates for Sl.no. 1(b1) will be followed. For all other sectors, new loans to manufacturing units with first disbursement on or after 01.10.2011 and WC component ,the rates at Sl no.2 will be followed.
PLR - 15% w.e.f 01-10-2011.
For clarifications and details please contact the nearest branch office.
