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 assistance
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: 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 of not less than 50%
of loan amount shall be offered.
Higher collateral security may be
stipulated wherever considered
necessary.