Purpose

Funding of Unforeseen /emergent, project specific and bonafide business expenditure.

Eligibility 

i) MSME and large units assisted by the corporation which are in standard category for the last 3 years. ii)The unit should have earned net profit for the last 3 years.iii)CMR should be  6 and below & CIBIL score should be above 600.

Amount of Assistance

50% of repayment amount of Term loan subject to a maximum of Rs.50 lakhs.  

Promoters Contribution/ DER

Nil/ 2.50 : 1.00

Repayment Period

36 months including moratorium period of 3 months

Collateral Security        

Residual value of the existing primary (L&B) and collateral security equivalent to loan.