1. The Scheme: The scheme is intended to provide financial assistance for new project or to expand / modernise / diversify the existing project..

2. Eligibility: All small scale / medium / large scale industries and service sector units are eligible for financial assistance. Proprietary concern, Partnership concern, Private Limited Company and Public Limited Company are eligible for financial assistance.

3. Purpose: The loan shall be considered for purchase of land, construction of building and purchase of machinery / equipments, electricals, etc.

4. Quantum of Loan:  The maximum quantum of assistance in respect of Proprietary / Partnership firm is Rs.800.00 lakhs and in respect of Private / Limited company, the maximum TL will be Rs.2000.00 lakhs.

5. Promoter's contribution: The promoter's contribution shall be 35% for new units and minimum 25% for existing units with good track record.

6. Debt Equity Ratio: The DER shall be 3 : 1 for loans upto Rs.10 lakhs and 2:1 for loans above Rs.10 lakhs.

7. Repayment period: The term loan will be repayable over a period not exceeding 10 years including an initial moratorium of not more than 2 years.  The principal installments are payable on monthly basis and interest is payable on monthly rest.

8. Collateral security: Collateral security shall be offered to the extent of 50% of the loan amount and in respect of highly movable assets that are prone to rapid obsolescence, collateral security shall be 100% of the loan amount.