|
Equipment Finance Scheme Purpose For acquisition of machinery /
equipment, both indigenous and imported, which are not related to any specific project. Eligible
Borrowers Existing units in the SSI sector with good track record and sound financial position. They should have been in
operation for at least three years and have earned profits and / or declared dividend during two years proceeding to taking up the
scheme. The units should not have defaulted in payment of its dues. Norms Requirement of loans should not be less
than Rs.7.5 million. The limits for states of Eastern Region, North-Eastern Region, Jammu & Kashmir and Himachal Pradesh shall be
Rs.5 million. Debt Equity Ratio - For projects - 2:1, for units - 1.5:1 Repayment - 5
years.
| 
