EFS – Fast Track
| Objective | To cover the well established Micro, Small, Medium and Large Industrial Concerns with sound performance records for acquisition of plant and machinery (both indigenous and imported) for expansion / diversification / modernization / replacement of existing machinery etc. |
| Eligibility |
MSME and large enterprises, assisted and non-assisted units, which are in standard category with TIIC / bank / respective financial institutions continuously for the last three financial years complying the following are eligible for financial assistance.
|
| Purpose | To Facilitate purchase of capital equipment quickly |
| Loan Limit | Minimum – Rs.10 Lakhs Maximum – 3 times the turnover of latest audited FY (or) 90% of Machinery Cost (or) Rs.200.00 lakhs whichever is lower |
| Promoters Contribution | 10% Nil in case of standard / approved / duly verified supplier |
| Debt Equity Ratio | 2.50 : 1.00 |
| Repayment Period | 36 to 60 months with 6 months moratorium |
| Collateral Security | 25% – Collateral property (or) 30% – Security Deposit. |
info@tiic.org
Call us
+91-44 24306100
