Scheme name

SCHEME FOR MODERNISATION, UPGRADATION, EXPANSION AND DIVERSIFICATION OF EXISTING INDUSTRIAL UNITS, HOTELS, HOSPITALS etc.

Purpose of the loan

To provide term loan assistance for the modernization/ upgradation/ expansion/ diversification of existing hotels/ hospitals/ industrial units in order to keep pace with the changes and to keep them technologically updated so as to remain competitive.

Eligibility Criteria

• Should be in existence for at least 2 years.
• The financials of the unit are to be satisfactory.
• The unit should have commenced their operations
• at least two years prior to applying for loans under this scheme.
• The loan accounts shall be in standard category.

Upper loan limit

Internal credit rating

Should obtain a minimum credit rating of 40%

Promoter’s contribution

Moratorium period

 
Repayment period