SCHEME FOR WAREHOUSE / STORAGE GODOWN

1. The Scheme: The scheme is to provide financial assistance for the construction of Warehouse/Storage facility predominantly for storing goods manufactured by SSI units thereby providing a necessary infrastructural facility to this sector.


2. Eligibility:
Corporate bodies, partnership and proprietary concerns are eligible to avail asssistance under this scheme.The godowns/warehouses shall be located in places having good scope and business potential, proximate to Railway Station and Industrial Estates.


3. Purpose of assistance:
To construct Warehouse / Storage godown and to purchase material handling equipments. The equipments such as overhead cranes, forklifts, weighing machines, cold storage facilities can also be considered for assistance


4. Project Cost:
Need based


5. Promoter's contribution:
The minimum promoter's contribution shall be 35% of project cost.

6. Repayment period: Maximum of 9 years including initial moratorium of upto 2 years.


7. Collateral security: Collateral security to the extent of 50% of loan amount shall be offered.

 

 

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