Vyapar Suvidha Naini Udhyog Prasar Scheme Naini Udhyog Suvidha Scheme Naini Shiksha Prasar Scheme Naini Health Care Scheme Scheme For Financing to Govt Contractor

Scheme For Financing to Government Contractor

Purpose

To provide working capital facility ( Fund Based and Non-Fund Based) in the form of Overdraft , Bank Guarantee / Letter of Credit to Registered Govt. Contractors

Eligibility:

All contractors registered with State or Central Government Department or any PSU for undertaking Civil, Mechanical, Electrical, Mining and Transport work etc. The prospective borrower must be registered as contractor with Govt. Department or PSU for last 5 years

Age :

Not Applicable

Maximum Amount of Finance :

Rs.1000.00Lakh

Margin :

40% on Realizable Value of immovable properties (as per valuation report).

Features :

Credit facility in form of Cash Credit, Term Loan, Bank Guarantee & Letter of Credit.

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

No prepayment Charges after -24- months after initial sanction.