Scheme
.Special Schemes
.Scheme For Existing Well Run Profit Making Enterprises
.Normal Term Loan Scheme 
   
                                
  
Civil Contractors Working Capital Term Loan Schemes

The Scheme is for Working Capital Term Loans to meet Short Term Requirements of Civil Contractors for construction of Roads and allied activities including Bridges.

Eligibility

Only for approved A&B class Civil Contractors for meeting working capital needs for carrying out civil works awarded by central / state / government owned undertakings.

Maximum Loan

To meet the need based working capital requirement subject to a maximum of 2/3rd of the contract amount.Rs 500 lakhs for corporate sector and Rs 200 lakhs for others.

DER                                                                 2  :1

Collateral Security

150% of Term Loan by way of immovable property i.e. Land/Building

Loan Repayment

4 years including moratorium up to 1year

An undertaking from Government/Agency awarding contract that any amount released shall be routed through  the Corporation and a consent letter of the contractor for adjusting the amount so received against the loan account.

Other terms

Total project cost for the purpose of sanction of loan should not include the value of materials supplied by the agency awarding the contract.