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Small Scale Industries / SME Credit Plus
Purpose
To meet expenditure such as:
• Repairs to plant and machinery
• Payments to labour
• Tax payments
Additional purchases of raw materials for execution of Bulk Order
Eligibility
Good rating
Existing customers: Standard assets as on 31st March for the preceding two years
New Customers: At the discretion of the sanctioning authority
Amount of finance
20% of aggregate fund-based working capital limits or a maximum of Rs.25 lakhs, whichever is less
Interest rate
Based on aggregate finance
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