ii) Construction of additional building subject to a maximum of 25% of the proposed project cost of the scheme on condition that the land on which building is proposed to be constructed is already mortgaged to TIIC or should be mortgaged before availing the loan.

iii) Shall not be utilized for swapping any other liabilities.

1. Units should have paid a minimum of 12 quarterly instalments or 36 monthly instalments and in standard category continuously for the past three years.
2. Units which have earned cash profit continuously for the last 3 completed financial years.
3. Net worth should be positive continuously for the last 3 completed financial years.
4. The unit should have been in existence for 3 years after commencing its operations.

(a) 15% for new machinery and second hand machinery to be imported directly from the foreign supplier.

(b) 25% for purchase of locally used second hand imported machinery and

(c) 30% for second hand indigenous machinery.

ii) Imported: As per norms for term loan.

iii) Restrictions: No traders and negative suppliers notified by the corporation.

For purchase of second hand machinery locally (both indigenous and imported) additional residual / collateral to the extent of 100% of Open Term Loan proposed shall be offered.