GENERATOR SCHEME

1. The Scheme: The scheme is introduced for purchase of Generator Sets to enable the industrial units to meet the power shortage due to restrictions imposed on use of electrical motive power and for captive use.

2. Eligibility: All Industrial units (MSME) are eligible to get financial assistance. Proprietors / Partnership concerns, Private Limited / Public Limited companies are eligible for availing financial assistance.

3. Project cost: Need based.

4. Promoter's Contribution : The promoter's contribution shall be minimum of 35%.

5. Debt Equity Ratio:
The overall DER including existing Term Loan shall be 2 : 1 (maximum).

6. Repayment Period: The loan shall be repaid within 5 years including a holiday period of 6 months.

7
. Collateral Security : In respect of assisted units in "standard category" no collateral is insisted.  For assisted units not in standard category for the last 3 years, collateral security to the extent of 20% of the generator loan amount is obtained.  For units not assisted by TIIC, 50% of the loan amount shall be stipulated.

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Page modified on 05.04.2011

 

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