| General Scheme for Medium Scale Units | |||||||||||
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| As
a general policy, long term industrial loans are extended on the basis of project
viability from managerial, Technical, commercial and financial angles. Also it
is linked to two main factors namely security coverage and promoters investment
capacity. Minimum margin principal, security of industrial assets ( Land, industrial
structures, P & M) is 25% and varies with the nature of assets. Depending
on the stake of the promoter, the prescribed collateral cover also varies. A flexible
approach is adopted on the issue of collateral backing. The collateral security
to be offered can be fixed assets like land and building or any other instrument
as per Negotiable Instrument Act like, Indira Vikas Patra, Kisan Vikas Patra,Fixed
Deposit receipts, National Saving Certificates, etc. The following are the parameters:
In case the unit is on leased/rented/hire purchase premises, collateral security equal to term loan should be provided. In case of industrial plots in Industrial Estates/ Developmental area, outright purchase of the land by the promoter will be insisted upon supported by collateral cover. The patta should be obtained at the earliest. If the land is leased, the lease should be for a minimum period of 99 years. | ||||||||||
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| Profile |
| . | Special Schemes |
| . | Scheme For Existing Well Run Profit Making Enterprises |
| . | Normal Term Loan Scheme |