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| S E R V I C E S
Working Capital Term
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This Scheme has been currently discontinued FOREIGN CURRENCY LOAN This scheme is meant primarily for export oriented units who want to import capital goods to either diversify/expand /modernise or setup new unit to increase their competitiveness in global market at competitive interest rate. The maximum limit shall be rupee equivalent of Rs. 240 lakhs and interest rate shall be 7% above libor 06 months. The borrower has to make the repayment of loan in foreign currency. Foreign Currency Loan shall be restricted to foreign currency requirement for importing plant and machinery. Other operational parameters are simllar to normal FATL scheme except as mentioned above. BRAND EQUITY SCHEME The assistance under this scheme is meant for units having good track record for imporving marketability of their products by undertaking activities such as market research, advertising, creating or enhancing the value of brand, providing audio/Video for electronic media, participation in trade fair and setting up distribution network etc. The maximum loan amount per borrower shall be Rs.20.00 lacs and minimum Rs.5.00 lacs. The assistance rendered under this scheme shall be usually 05 to 10% of turnover of the unit and disbursement may be made in three strokes depending upon requirement of funds. SECURITY : a Extention of charge over existing assest. b. Collateral security of 150% of loan if existing security is not sufficient. c. Exclusive charge on assets acquired under scheme. RATE OF INTEREST : As applicable to W.C.T.L. cases, presently 17.0% to 19.0% p.a. PERIOD OF LOAN : 3 to 4 years with gestation period of 06 months. |
