General Scheme For New & Existing Entrepreneurs
|Objective||The Scheme is intended to provide financial assistance to new units / expansion / modernization / diversification.|
|Eligibility||a. All Micro, Small scale & Medium scale industries are eligible.
b. Proprietary / Partnership / Limited companies are eligible.
|Purpose||For purchase of land, construction of building, purchase and erection of machinery.|
|Promoter’s Contribution||New cases : 33.33%
Existing : 25% subject to overall DER of 2 : 1
|Debt Equity Ratio||3 : 1 for loans upto Rs.10 lakhs
2 : 1 for loans above Rs.10 lakhs
|Repayment Period||Upto 9 years including holiday period of 2 years|
Upto Rs 3.00 crores – 50% of loan amount
Above Rs 3.00 crores – to be decided by the Sanctioning Authority