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)
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