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 |