Star Energy Saver

Target

• All MSME units as per extent guidelines of MSMED Act

Note: Dealers in energy saving devices are not eligible under the scheme.

Purpose

• To modernize/upgrade/adopt energy saving machinery and equipments ( only renewable energy).

Eligibility

• Udyam registration & obtaining min entry level score in scoring model under the scheme. Min CBR/CMR as per Product guidelines

Nature of Facility

• Fund based in form of Demand loan/Term Loan & Non –Fund based facility for CAPEX purpose only.

Margin

• Minimum 15% of the cost of machinery/equipments to be purchased.

Security

• Hypothecation of Machinery/equipment financed.

Tenure

• Demand Loan : max upto 36Months
• Term Loan : max upto 84 months.

(*Tenure is including moratorium upto maximum 6 months if any)

Rate of Interest

• Starting @ RBLR*

(*Terms & Conditions apply)