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. |
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| Purpose | For purchase of land, construction of building, purchase and erection of machinery. | ||||||||||||
| Loan Limit |
(Rs. Crores)
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| Promoter’s Contribution | New cases : 33.33% Existing : 25% subject to overall DER of 2 : 1 |
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| Debt Equity Ratio | 3 : 1 for loans upto Rs.10 lakhs 2 : 1 for loans above Rs.10 lakhs |
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| Repayment Period | Upto 9 years including holiday period of 2 years | ||||||||||||
| Collateral Security |
Upto Rs 3.00 crores – 50% of loan amount Above Rs 3.00 crores – to be decided by the Sanctioning Authority |
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