1.
Eligibility : Existing
industrial concerns in the SSI sector having a good record of past
performance and sound financial position
are eligible for assistance.
2. Purpose :
Expenses on consultancy, documentation,
audit, certification fees, equipment and
calibrating instruments required would be
taken into account for determining the loan
requirement.
3. Quantum of loan
: Assistance under the scheme will be need
based and subject to a maximum of Rs.5.00
lakhs.
4. Promoter's Contribution
: The minimum promoters contribution required
would be 15% of the cost of the project.
5. Debt Equity Ratio :
Not more than 2 : 1.
6. Repayment period : Period of repayment will
be fixed based on the repaying capacity
of the borrowing concern but normally not
exceeding 5 years including moratorium upto
1 year.
7. Collateral Security : To be decided on case to case
basis. Generally, the loans sanctioned under
the scheme are to be secured by way of suitable
charge on the assets of the unit.
8. Others :
-
The units availing of assistance under the
scheme and acquiring ISO Certification would
be eligible for being considered for GOI
incentive subsidy of 75% of the cost of
acquisition of the certification upto a
maximum of Rs.75,000/- subject to the provisions
of the scheme of DC (MSME), Government of
India.
- The units may therefore
approach the DC (MSME), GOI directly for
this purpose, along with permanent SSI /
Ancillary
Registration Certificate of DIC / State Directorate
of Industries valid as of date, ISO 9000
series Certification awarded to the units
and documents showing proof of payments
of charges made to the Certification Agency.
- The term loan assistance under the RISO
scheme would be available to all eligible
SSI units irrespective of the availability
of incentive from GOI.
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