Oxy Plus Scheme

Purpose	The Corporation considers financial assistance for purchase of land, construction of building, purchase of machinery and equipments and for working capital purpose.
Eligibility	1) Separate WCTL to those units which were sanctioned term loan for acquiring fixed assets on or after 1.1.92. 2) If the units have bank facility, they are not eligible for working capital assistance under SWS. 3) Having good track record and repaying capacity and who have earlier availed financial assistance from the corporation and settled the account or the outstanding in the loan account is nominal/marginal after duly assessing the requirement of working capital and satisfying that the unit has not availed any working capital assistance from the commercial banks.
Amount of assistance	Need-Based
Promoter’s Contribution / DER	30% 3.00 : 1.00 for loans upto Rs.10.00 lakhs 2.00 : 1.00 for loans above Rs.10.00 lakhs
Repayment Period	5 – 7 years including 6 months moratorium for Term Loan & 3 years with 6 months moratorium for Working Capital Term Loan.
Collateral security	Upto Rs.3.00 crores – 50% of loan amount. Above Rs.3.00 crores – to be decided by the Sanctioning Authority. 100% on Working Capital Term Loan.