Modernisation, Upgradation, Expansion and Diversification

Scheme Name	Scheme for the Modernisation, Upgradation, Expansion, and Diversification of existing industrial units, hotels, hospitals, etc.
Purpose	To provide term loan assistance for modernization, upgradation, expansion, or diversification to help entities stay technologically updated and competitive.
Eligibility Criteria	• Must be in existence for at least 2 years. • Financial performance of the unit must be satisfactory. • Operations must have commenced at least 2 years prior to applying. • Existing loan accounts must be in the standard category.
Upper Loan Limit	Up to Rs 50 crore.
Internal Credit Rating	Minimum 40% rating required.
Promoter’s Contribution	Minimum 10% for the project and 33.33% for the overall unit.
Moratorium Period	Up to 24 months.
Repayment Period	10 years (including the moratorium period).