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Loan
eligibility for units financed by the Corporation: 75% of the
cost of the generator will be financed for units less than 1.5
years old and if they are regular in repayment of loan.
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Undertaking
to comply with statutory requirements of KSEB / Electrical
Inspectorate.
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If
no collateral is available under Category (2), pari-passu charge/second
charge may be obtained.
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Personal
guarantee of promoters' to be obtained.
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The
DSCR of the unit adding the cost
of the Generator to the project cost should be worked
and the financial viability of the unit should not decrease
due to the additional debt burden.
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The
corporation should be satisfied that the consequential
increase in cost of operation of the unit will not adversely
affect the profitability and paying capacity. |