| Scheme
for Financing for Takenover of Loans from Banks /Financial Institutions
Eligibility
1.Promoters
should be financially sound.
2.Viability to be ensured.
3.Promoters to be credit worthy
4.NPAs will not be taken over
5.Industrial units,Hotels/Resorts and Hospitals can be financed.
Maximum
Loan Amount
66.67% of the project cost.
Promoters
Contribution
33.33%
of the project cost.
Repayment
Period
Maximum
8 years including moratorium of 1 year.
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