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Project Finance Scheme

Purpose

    1. For setting up new SSI units. However, preference will be given to units with export orientation, import substitution, and technically oriented.
    2. Modernisation, technology upgradation, diversification and expansion of existing well run units in the SSI sector.
    3. For setting up of small hotels and other tourism related activities as well as hospitals and nursing homes.

Eligible Borrowers

New or existing SSI concerns. They should be, generally, at least private limited companies.

Norms

Term loan not less than Rs.15 million. The limits for states of Eastern Region, North-Eastern Region, Jammu & Kashmir and Himachal Pradesh shall be Rs.7.5 million.

Debt Equity Ratio - Not to exceed 2:1



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