1. Project Finance Scheme:
New or existing SSI concerns. They should be at least private limited companies.
(a) For setting up new SSI units Preference will be given to units with export orientation, import substitution, hi-tech and those promoted by entrepreneurs with a good track-rector.
(b) Modernization, technology up-gradation, diversification and expansion of existing well-run units in the SSI sector.
(c) For setting up of small hotels and other tourism related activities as well as hospitals and nursing homes.
Norms: Project cost should not less than Rs. 225 lakhs and term loan must not less than Rs. 150 lakhs (except in J&K, HP, Bihar, MP, Orissa, West Bengal, U.P & North Eastern States).
2. Venture Capital Scheme:
New or existing SSI concerns set up as private or public limited companies.
To provide assistance to entrepreneurs with ventures which have special characteristics to be innovative but at the same time may not quality for assistance will be decided on a case to case basis on detailed assessment of requirements.
The units should have a sound management team, long term competitive advantage and a potential for above average profitability leading to attractive returns on investment.