General Scheme For New & Existing Entrepreneurs
| Objective | The Scheme is intended to provide financial assistance to new units / expansion / modernization / diversification. | ||||||||||||
| Eligibility | a. All MSME Units & Non MSME units. b. Prop./Partnership/Ltd. companies. |
||||||||||||
| Purpose | For purchase of land, construction of building, purchase and erection of machinery. | ||||||||||||
| Loan Limit |
(Rs. Crores)
|
||||||||||||
| Promoter’s Contribution | New cases : 33.33% Existing : 22.50% subject to overall DER of 2 : 1 |
||||||||||||
| Debt Equity Ratio | 3 : 1 for loans upto Rs.10 lakh 2 : 1 for loans above Rs.10 lakh |
||||||||||||
| Repayment Period | Upto 9 years including holiday period of 2 years | ||||||||||||
| Collateral Security | 50% of the loan sanctioned (minimum). |
info@tiic.org
Call us
+91-44 24306239
