Scheme name

SPECIAL WORKING CAPITAL ASSISTANCE TO HOTELS WITHOUT COLLATERAL SECURITY

Purpose of the loan

To provide renewable loan to meet the working capital requirements of well-run hotels/ resorts/ Clubs/ Airport Lounge with bar/ beer and wine parlour license

Eligibility Criteria

• The applicant must have a good track record in conduct of accounts with the financial institutions.
• The accounts should have been in the standard
• category throughout the preceding 3 financial years.
• Unit should have posted net profit during the past 3 years.
• The unit must be in operation as on date of sanction of the loan.

Upper loan limit

Internal credit rating

Should obtain a minimum credit rating of 40%

Promoter’s contribution

Moratorium period

 
Repayment period