The scheme has been formulated to help first generation entrepreneurs who are short of equity. New projects in Micro and Small Enterprises, expansion, modernisation of existing units. Technical qualification of the promoter in the relevant field is a pre-requisite.
Term loan up to a maximum of 75% of the project cost including one cycle of working capital in deserving cases. Promoter’s contribution minimum 25% of project cost.
First generation entrepreneurs, existing entrepreneurs, proprietary & partnership concerns and companies.
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