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Bills Re-Discounting Equipment

Purpose

For sale / acquisition of machinery on deferred payment terms for setting up of new SSI units as also for expansion, diversification, modernisation, replacement, addition of balancing equipment etc.

Eligibile Borrowers

Manufacturer-sellers / purchaser-users of indigenous machinery / capital equipment one of whom should be in the small scale sector

Norms

Scheme operated through scheduled commercial banks.
Usance of Bills - Normally 2-5 years.

 
 
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