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 / 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. Project cost:

	The project cost should not exceed Rs.12.00 crores in respect of Term Loans extended to SSI / MSI and Rs.20.00 crores in respect of service sector projects.
	Needs & Quantum of assistance : The maximum quantum of assistance in respect of Proprietary / partnership firm is Rs.200.00 lacs and in respect of private / limited company, the maximum TL will be Rs.1000.00 lacs.

5. Promoters contribution: The promoters contribution shall be 35% for new units and minimum 25% for existing borrowers 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 9 years including an initial moratorium of not more than 2 years.

8. Collateral security: The unit shall offer collateral security to the extent of 50% of the loan amount and 100% in respect of highly movable nature assets / obsolescence assets.