Naini Udhyog Prasar Scheme

Purpose

For construction of unit’s building and purchase/installation of plant, machinery & equipment.

To meet the working capital requirement.

Finance for commercial vehicle or other vehicle in the name of the Unit.

OR

Takeover of existing credit facilities from other banks/FIs.

Eligibility:

The scheme is available to cover credit facilities to all eligible MSEs (Manufacturing & Services)

Age :

Not Applicable

Maximum Amount of Finance :

Rs.100.00Lakh

Margin :

Nil to 25% depending upon type of credit facility.

Features :

Credit Facility in form of Demand/Term Loan/ Overdraft/ Bank Guarantee.

Repayment period of 84 months for term loans and 12 months for CC/OD/BG (subject to annual review).

No Collateral security required for credit facility up to Rs.10.00 Lakh

No Processing charges for credit facility up to Rs.5.00 Lakh.

No Pre-payment/Pre-closure Charges shall be levied if repaid from own sources or internal cash accruals.

Additional concession of 0.25% will be allowed to the women beneficiaries