1. Scheme :    To extend financial assistance for TIIC assisted and non-assisted units engaged in manufacturing and processing industries (except Rice Mills) to meet their working capital / additional working capital requirements.

2. Eligibility :   

• The unit should be in existence and in operation for the past three financial years and should have earned cash profit for the last three years. 

   

• The unit should be in standard assets category of TIIC / Banks for the last three years.

3. Quantum of Loan :  The maximum quantum of assistance may be fixed at Rs.100.00 lakhs per unit for TIIC assisted units.  For non-assisted units and units set up with own funds, the maximum quantum of assistance would be Rs.50.00 lakhs.

4. Promoter's Contribution :  Promoter's contribution shall be not less than 25% of the Working Capital assessment made.

5. Debt Equity Ratio :  The overall Debt Equity Ratio for the concern shall not exceed  2 : 1 (including Working Capital Term Loan component).

6. Repayment period :   The principal repayment period shall not exceed 36  months including a moratorium period of 4 months ( for first time assistance only) and the repayment shall be in equal monthly installments. 

7. Collateral Security :-

• In case of existing assisted units who are in the standard category continuously for the last three completed financial years, 100% of WCTL (residual value of existing primary land and building and collateral security in the form of land and building will be considered).

   

• For units not assisted by TIIC and TIIC assisted units that have working capital limits with Bank, collateral security to the extent of 150% of WCTL assistance shall be obtained.