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Naini Nirman for Contractors
Eligibility Criteria :
  • All Individual, Firm, Company, Regd. Society, engaged in undertaking construction or any other type of work as contractor for lawful activity i.e., construction in infrastructure project, Housing/Building, Rail Roads Projects and any other sector of economy etc.
  • The prospective borrower/s must be an income tax assessee/ payee for last three financial years (Return should not be filed in a bunch).
  • The borrower should not be a defaulter of any bank/financial institutions/others.
  • The borrower should be permanent resident of the area/nearby area of branch and should have satisfactory social and economic status.
Purpose :

For Meeting working capital requirement, purchase of machinery, vehicle (loader, JCB etc. required for the activity) etc., construction/furnishing of Office building and Furnishing bank guarantee

Nature & Amount Of Facility :

Aggregate Credit Facilities Rs.200.00 lacs


Cash Credit (H) : Maximum Rs.200.00 lacs
Loan : Maximum Rs.100.00 lacs (Max.Rs.10.00 lacs for construction/renovation/furnishing of self owned Office building.
Bank Guarantee : Maximum Rs.100.00 lacs.

In case of Individual/s*

Five times of average of last 3 years returned income. However deductions/rebates under I.T.Act which don’t effect cash accruals may be considered for assessing permissible amount. Income of spouse may be included for assessing permissible amount if she/he is also income tax payee for last three years. In that case he/she should stand as co-borrower.

Firm / Company / Others**

Five times of average of last 3 years cash accruals i.e. Net profit after tax plus depreciation.

*In case of individual/s the total deductions/other repayment obligations including interest burden on proposed facility should not exceed 60% of gross total income as per I.T.Return.

**Gross total income of partners may be included for ascertaining eligible amount of advance. Or 20% of the amount of actual contract receipts/executed /contracts awarded in hand to be executed Whichever is less.


Loan : Maximum Rs.100.00lac

In case of loan projections for total repayment period should be obtained and DSCR should be as per LPD of the bank.


Bank Guarantee : Maximum Rs.100.00lac

Application for Financial Accommodations

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