Flexi Working Capital Term Loan Scheme
Short term business loan intended to extend financial assistance to assisted and non assisted units in Manufacturing & Processing sectors including Rice Mill Units to meet their working capital / additional working capital requirements.
|Loan Limit||Maximum: Rs.400.00 lakh per unit.|
|Promoter’s Contribution||25% of the working capital assessment.|
|Debt Equity Ratio||2 : 1|
|Repayment||The borrower has an option to repay the loan after one year without any repayment of principal during the one year tenure. After one year from the date of sanction, this Flexi Working Capital Term Loan facility may be renewed based on reappraisal by way of assessing the performance and eligibility arrived or the concern may decide to repay the loan in 30 installments without holiday period.|
Assisted & Non-assisted units of TIIC without any bank finance – 125%
Assisted and Non-assisted units of TIIC with Bank finance – 150%