GENERATOR SCHEME

1. The Scheme: The scheme is introduced for purchase of generating sets to enable the industrial units to meet the power shortage due to restrictions imposed on use of electrical motive power and for captive use.

2.Eligibility: All Industrial units (SSI/MSI) are eligible to get financial assistance.Proprietors / Partnership concerns, Private Limited / Public Limited companies are eligible for availing financial assistance.

3. Project cost: Need based.

4. Promoters Contribution:The promoter contribution shall be with minimum of 35%.

5. Debt Equity Ratio:
The overall DER including existing Term loan shall be 2 : 1 (maximum)

5.Repayment Period: The loan shall be repaid within 5 years including a holiday period of 6 months.

6. Collateral Security: In respect of assisted units, the existing charge on the fixed assets shall be continued till the repayment of the proposed generator loan. If the unit is a not assisted by Corporation previously, collateral security to the extent of 50% of loan amount shall be offered.

 

 

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