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)

STAR-ENERGY-SAVER