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.|
|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).|