Target Group
- Future export champions with high potential
- Units having unique technology, products or processes
- High export potential sectors, i.e. Automobiles, Aerospace & Defence, Chemicals, Food Processing, IT & ITeS, Pharmaceuticals, Precision engineering, Textiles and allied sectors, etc.
Loan Amount
- Need based financial assistance, subject to maximum of 80% of the project cost.
- Joint financing with EXIM Bank available.
Key Features
- Attractive RoI
- 20% promoters’ contribution (30% for greenfield units)
- Facility of TL/FCTL available
- Technical Assistance for mentorship support, equity support, etc.
- Upto 25 bps performance / milestone linked interest incentive.
Interest Rate
- Interest Rate – Based on MCLR of the Bank / Repo rate, with applicable spreads (as per internal rating)
- Repayment – Generally upto 6 years (Extendable upto 10 years)
- Moratorium – Upto 2 years
Eligibility
- New units – Promoters having sufficient experience in the proposed line of business and major projected revenue from exports. For units co-funded by technocrats from premier institutions (like IIT, IIM, IISc, NIT etc.), sufficient experience in the proposed line of business shall not be insisted upon.
- Existing units – Fundamentally strong export oriented small and mid-sized companies with satisfactory financials.
- Standard Norms apply (CIBIL / CMR, due diligence checks, etc.)
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