FINANCIAL ASSISTANCE
- Financial assistance to Greenfield Units for setting up new units which includes:
- purchase of land,
- construction of factory building,
- purchase of equipment, plant & MFA etc.
Key Features
- Attractive RoI
- Quicker sanction
Eligibility
- New Entities or Greenfield units are eligible
- Promoters should have minimum 5 years of business experience
- Promoters Contribution – Minimum 25% Standard Norms apply (CIBIL / CMR, due diligence checks etc.)
Target Groups
MSMEs setting up units in identified sectors under (as per the list identified by GoI), high growth / sunrise sectors and other important sectors
Loan Amount & Validity
- TL upto `2000 Lakh, subject to maximum of 75% of the project cost
- Till October 31, 2022 (or) utilization of the corpus as allocated/decided from time to time, whichever is earlier.
Rate of Interest
- Interest Rate- 6.00% to 7.30% p.a. for first year with reset applicable thereafter (as per internal rating)
- Repayment – Generally upto 7 years
- Moratorium – Upto 2 years
Details : Click here
