Apply Now
Objective
- To provide financial assistance to greenfield units for setting up new operations, including land purchase, factory construction, and acquisition of equipment, plant, and machinery.
Key Benefits
- Loan for purchase of land & construction of factory building, purchase of plant & machinery, miscellaneous fixed assets, installation of rooftop solar projects, acquisition of other energy efficiency devices etc.
- Financing for setting up new units/greenfield projects.
- Financing upto Rs. 50 crore subject to maximum of 75% of the project cost.
- Promotors Contribution-minimum 25 %.
- MCLR Linked attractive rate of Interest.
- Repayment upto 7 years including moratorium for 2 years.
Eligibility Criteria
- New units / greenfield units are eligible for financing under the scheme.
- For loan above Rs. 20 crore, promoter’s experience of 5 years in similar line of business.
- For loan upto Rs. 20 crore, promoter’s experience of 3 years in similar line of business.
- No defaults to Bank/FIs.
How to Apply / Office To Contact
How to Apply / Office To Contact
Apply Now