Working Capital Term Loan Scheme (WCTL)
|Purpose||To extend financial assistance to Manufacturing & Processing sector including Rice Mill units to meet their working capital/additional working capital requirements.|
a. should be in existence and in operation for the past 2 financial years.
b. should have earned cash profit for the last 2 years.
c. should have positive networth
d. assisted by the corporation shall be in standard assets category for the last 2 financial years.
e. having loan with other Banks/FIs should be in standard category with respective institutions for the last 2 financial years.
f. should not come under the purview of sick unit definition.
|Quantum of Loan||Maximum : Rs.200.00 Lakh per unit.|
|Promoter’s Contribution||Minimum : 25% of the working capital assessed.|
Assisted units of TIIC Without any Bank Finance :100%
Non Assisted units of TIIC Without Bank Finance :125%
Assisted and Non Assisted units of TIIC With Bank Finance :150%
|Repayment||42 months including a moratorium of 6 months (for first time assistance only). For subsequent assistance moratorium period shall not be given.|