|
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.
|