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Direct Credit Schemes

 
  • 1. SSIs
  • 2. Service sector units with project cost upto Rs.25 crore
  • 1.Medium Sector Enterprises (MSE) and
  • 2.Service sector units with project cost above Rs.25 crore and upto Rs.250 crore.
Eligibile Borrowers I] New or existing SSI units.
ii] SSI unit graduating to medium scale, and
iii] Service sector units with an overall project cost not exceeding Rs.25 crore.
i] New or existing medium sector enterprises, and
ii] Service sector units with an overall project cost above Rs.25 crore and upto Rs.250 crore with Bank's assistance not exceeding Rs. 50 crore.
Constitution The unit should generally be a private limited / public limited company. However, partnership firms, sole proprietorship concerns and Societies and Trusts would also be considered on a case to case basis. The unit should generally be a private limited / public limited company
Nature of assistance Term loan and other forms of assistance such as Working Capital Term Loan and bills discounting (on selective basis). Term loan and other forms of assistance such as Working Capital Term Loan, suppliers' & purchasers' bills discounting. Investment products such as debentures, optionally convertible cumulative preference shares, zero coupon bonds, etc.
Currency of loan In Rupee or foreign currency In Rupee or foreign currency

 

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