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The scheme aims at providing finance for setting up of a new unit, expansion of existing activities and long-term requirement of any other general corporate purpose
For the construction of business premises, factory sheds, etc. and purchase of machinery and equipment, etc. and long-term requirement of any other general corporate purpose
Loan amount: Depending on the cost of project (in addition, working capital limits may also be considered)
Period: Up to 7 years
- Security: Mortgage or assignment of project property/possessory pledge/personal guarantee, etc.
- Rate of interest*: Competitive rate of interest prevailing at the time of sanction
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