1) Coverage:

Term Loan only will be considered under this scheme.

2) Purpose:

Creation of Fixed Assets for SME Sector (Manufacturing, Hospitals, Tourism etc.)

3) Minimum Contribution:

Minimum Promoter’s Contribution should be 33.33% to maintain a DER of 2:1.

4) Security for the Loan:

Industrial property will be primary security of the loan. Collateral Security should be mortgaged as per existing rules of the Corporation. Relaxation in collateral security can be considered by EC/Board in deserving cases.

5) Mode of Disbursement:

The loan will be disbursed in installments according to the requirements after verification/valuation of assets created.

6) Repayment Period:

The loan shall be repaid within a maximum period of 10 years.

7) This Scheme will not be applicable to Schemes like Short Term Loans. WCTI., RFL and Civil Contractors loan and other special schemes etc.

8) Credit Rating:

Credit Rating of the Customer has to be done and shall obtain high score as per the evaluation.