BILL FINANCE SCHEME FOR SERVICE PROVIDERS OF TNPL
Objective |
The scheme aims at offering BFS facility to service providers including registered logistics/ Transport contractors of TNPL for execution of work order of TNPL. |
Eligibility |
All the service providers located in Tamilnadu who are registered with TNPL for rendering service including the transport of material/ execution of work. The service providers may be proprietary/ partnership/ Limited company. |
Sanction Limit |
Three times the monthly average of bills raised on TNPL during the last financial year/ Current financial year whichever is less subject to a maximum of Rs.200.00 lakh per service provider per annum. |
Drawal Limit |
90% of the net amount of individual bills. The loan outstanding shall not exceed the BFS limit sanctioned to the unit. |
Credit Period |
120 days. |
Security |
|
BILL FINANCE SCHEME FOR VENDORS OF TNPL
Objective |
The scheme aims at offering BFS facility to vendors of TNPL for supply of materials against purchase orders. |
Eligibility |
All the MSME and non-manufacturing units located in Tamilnadu and who are registered vendors of TNPL. The vendors may be proprietary / Partnership / Limited company. |
Sanction Limit |
The BFS limit for a vendor will be fixed as three times the monthly average of bills raised on TNPL during the last financial year / current financial year whichever is higher subject to a maximum of Rs. 1.00 crore per vendor per annum. |
Drawal Limit, Credit period & Security |
As above. |