1. Scheme :    To extend financial assistance for modern rice mill units to meet their working capital / additional working capital requirements.

2. Eligibility :   

• The unit should be in existence and in operation for 3 years

• The unit should have earned cash profit for the last three years

• The networth of the unit should be positive

• The unit should be in standard assets category of TIIC / Banks for last 3 years

3. Quantum of Loan :  The maximum quantum of WCTL assistance under this scheme is Rs.1.00 Crore.

4. Promoter's Contribution :  Minimum promoter's contribution is 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.   Additional or enhanced working capital will be considered after 1 year.

7. Collateral Security :-

• In case of existing assisted units which are in the standard category for 3 years, 100% of Working Capital Term Loan shall be offered as collateral.

   

• For units not assisted by TIIC, ( that do not have working capital facilities with any Bank) 125% of the working capital term loan amount shall be offered as collateral.

   

• For units assisted by TIIC and non-assisted units that have availed working capital limits from Bank, 150% of working capital term loan amont shall be offered as collateral.