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.
Eligibility	The unit(s) 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.
Collateral Security	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.