For construction of unit’s building and purchase/installation of plant, machinery & equipment.
To meet the working capital requirement.
Finance for commercial vehicle or other vehicle in the name of the Unit.
OR
Takeover of existing credit facilities from other banks/FIs.
The scheme is available to cover credit facilities to all eligible MSEs (Manufacturing & Services) defined under MSMED ACT, 2006.
Not Applicable.
Rs.100 Lakh.
Nil to 25% depending upon type of credit facility.
Credit Facility in form of Demand/Term Loan/ Overdraft/ Bank Guarantee.
Repayment period of 84 months for term loans and 12 months for CC/OD/BG (subject to annual review).
No Collateral security required for credit facility up to Rs.10 Lakh.
No Processing charges for credit facility up to Rs.5 Lakh.
No Pre-payment/Pre-closure Charges shall be levied if repaid from own sources or internal cash accruals.
Additional concession of 0.25% will be allowed to the women beneficiaries.
