SCHEME NO. : 4
|
1. |
Name
of the Scheme |
MEDIUM TERM MULTI
PURPOSE LOAN |
|
2. |
Purpose
of Loan |
For meeting various
financial needs of an assisted unit of the Corporation. |
|
3. |
Eligibility
Criteria |
Profitable and financially
sound companies having good track record operating in Rajasthan. The
industrial unit should satisfy the following criterion: 1. The company should have
been classified as standard
asset of the Corporation. 2. The company should have
paid atleast one third of principal amount of term
loan disbursed. 3. The company should be in
production for the last 3 years, earning cash profits in the last two years. |
|
4. |
Loan
Limit |
Maximum
of Rs. 2.00 crores
subject to ceiling of aggregate term loan of Rs. 10.00
crores. Loan amount should not exceed the amount of
term loan repaid by the company. The loan shall be limited to 70% of value of
fixed assets. |
|
5. |
Security
Margin |
Minimum
25% |
|
6. |
Promoters'
Contribution |
NA |
|
7. |
Debt
Equity Ratio |
1: 1 (after availing loan) |
|
8. |
Interest
Rate |
Prevailing rate of interest. |
|
9. |
Repayment
Period |
5 years in quarterly
installments including moratorium period not exceeding 6 months. However, the
corporation will have an option of accelerated repayments in initial years
depending upon the repayment capacity of the borrowers. |
|
10. |
Mode
of Payment |
Post dated cheques of principal & interest. |
|
11. |
Rebate
on Timely Payment |
As per prevailing policy -
2% wef 16.07.2009. |