 Schemes under pre - sanction procedure
(i) Term Loan to SSI units(through CBs & Scheduled PCBs)
Borrowers
Individuals, Proprietary / Partnership concerns, Private/ Public Limited Companies, Promotional / Developmental Organisations, State Level Federations/ Corporations, Joint Sector Undertakings.
Purpose
Setting up of new units and modernisation/ renovation/ expansion/ diversification of existing units (other than agro-industries).
Eligible items for investment
- Land and Site Development (including cost of land upto margin money required to be brought in by the borrower).
- Construction of workshed (including civil structure, godowns for storage, market outlets and other essential amenities).
- Plant & Machinery. (including machinery/ equipment required for packaging and preservation)
- Equipment and tools.
- Delivery van.
- Project formulation and consultancy charges.
- Preliminary and pre-operative expenses.
- Margin for working capital.
Repayment period
3 to 10 years with moratorium of 12 months.
Debt Equity Ratio (DER) - 3 : 1
(ii) Term Loan to Industrial Co-operatives (through SCBs)
Borrowers
Industrial Co-operative Societies identified as viable/ potentially viable by the State Government.
Eligible items of investment
- Acquisition of equipment and tools.
- Construction of workshed.
- Showroom.
- Godown.
- Purchase of delivery van
Repayment period
3 to 10 years with moratorium of 12 months.
(iii) Project Finance for Agro-Industries (through CBs, Scheduled PCBs and SCBs)
Borrowers
- State level corporations such as agro-industries corporations, forest/ tribal development corporations, KVIC/ KVIB, state level cooperative societies/ federations, co-operative marketing/ processing and industrial societies, joint sector undertakings, registered societies in KVIC/ KVIB fold.
- Public/ private limited companies, partnership firms and proprietary concerns.
Items eligible for term-loan assistance
Cost of land (upto the limit of margin to be brought in by the borrower), site development, construction of worksheds/ building, plant and machinery, equipment and tools, cost of technology upgradation, technical know-how and engineering, preliminary and pre-operative expenses, project formulation and consultancy fees, acquisition of transport vehicle, preservation including cold storage, packaging and marketing, etc.
Repayment period
3 to 10 years with moratorium of 12 months.
Debt Equity Ratio - 3 : 1
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