To extend financial assistance for existing /
past TIIC assisted
units, with good track record for any tangible or intangible business needs such as capex, servicing new
orders, renovation of property / assets, reimbursement against self financed
assets acquired in the last one year, funding of intangibles like brand
building/ marketing, R&D, inorganic business growth, or any other bonafide
business need, etc.
and MSME sectors, engaged in manufacturing, processing and preservation
activity; the services sector.
The unit should be in existence and
in operation for the past three financial years and should have earned net
profit for the last three financial years.
The networth of the units should be
positive and no cumulative losses.
should be in standard assets category continuously of TIIC /Banks for the
last three financial years.
3. Quantum of Loan :
The minimum quantum of assistance shall be Rs.20 lakhs and the maximum
quantum of assistance shall be Rs.100 lakhs per unit.
4. Promoter's Contribution / Debt Equity Ratio :
promoterís contribution shall be NIL subject to the overall debt equity
ratio including proposed quantum of limit for the unit not exceeding
2.00 : 1.00.
maximum repayment period shall be 5 years
including a moratorium of 6 months for
principal repayment and the repayment
shall be in equal monthly instalments.
Collateral Security :
Collateral security to the extent of 150% of the credit limit sanctioned shall