Scheme name

SHORT TERM LOAN

Purpose of the loan

providing short-term financial assistance to all activities, which come under any of our existing loan schemes

Eligibility Criteria

• All new and existing units.
• The unit should be functioning at the normal level.
• In the case of existing units, its turnover and profit should show increasing tendency based on completed years Balance Sheet and Profit & Loss account.
• In the case of new promoters, they should be prompt in repayment to other financial institutions and Banks.
• The unit should submit a detailed and realistic estimate for the requirement of such STL. Such requirements should be verified before sanctioning the STL.

Upper loan limit

Internal credit rating

Should obtain a minimum credit rating of 40%

Promoter’s contribution

Moratorium period

 
Repayment period