Short Term Loan
| Type of Loan | Special Loan |
| Scheme Name | Short Term Loan (STL) |
| Purpose | To provide short-term financial assistance for all activities that fall under any of the Corporation’s existing loan schemes. |
| Eligibility Criteria | • Applicable to all new and existing units. • The unit must be functioning at a normal level. • For existing units, turnover and profit must show an increasing trend based on the completed year’s Balance Sheet and Profit & Loss account. • New promoters must have a prompt repayment track record with other financial institutions and Banks. • The unit must submit a detailed and realistic estimate for the STL requirement, which will be verified before sanctioning. |
| Upper Loan Limit | Up to Rs 5 crore. |
| Internal Credit Rating | Minimum 40% rating required. |
| Promoter’s Contribution | Minimum 20%. |
| Moratorium Period | Up to 6 months. |
| Repayment Period | Maximum 3 years (including the moratorium period). The loan is repayable in monthly installments. |