Vyapar Suvidha Naini Udhyog Prasar Scheme Naini Udhyog Suvidha Scheme Naini Shiksha Prasar Scheme Naini Health Care Scheme Scheme For Financing to Govt Contractor

Naini Udhyog Prasar Scheme

Purpose

For construction of unit’s building and purchase/installation of plant, machinery & equipments.

To meet the working capital requirement.

Finance for commercial vehicle or other vehicle in the name of the Unit.

OR

Takeover of existing credit facilities from other banks/FIs.

Eligibility:

The scheme is available to cover credit facilities to all eligible MSEs (Manufacturing & Services)

Age :

Not Applicable

Maximum Amount of Finance :

Rs.100.00Lakh

Margin :

Nil to 25% depending upon type of credit facility.

Features :

Credit Facility in form of Demand/Term Loan/ Overdraft/ Bank Guarantee.

Repayment period of 84months for term loans and 12months for CC/OD/BG (subject to annual review).

NO Collateral security required for credit facility upto Rs.10.00Lakh with third party guarantee (mandatory)

No Processing charges for credit facility up to Rs.5.00Lakh.

No Pre-payment/Pre-closure Charges shall be levied if repaid from own sources or internal cash accruals.

Additional concession of 0.25% will be allowed to the women beneficiaries’ .