Eligible borrowers:
Existing industrial concerns in SSI sector having a good record of past performance and sound financial position can avail such benefit. The unit should—
Image Source: sylviagutierrez.com/wp-content/uploads/2015/03/credit-report-history-1100×966.jpg
(a) Have been in operation for a period of at least four years;
(b) Have earned profit and/or declared dividend during the preceding two financial years;
(c) Not be in default to institutions/banks in payment of their dues.
Purpose:
Expenses on consultancy, documentations, audit, certification fees, equipment and calibrating instruments required would be taken into account for determining the loan requirement.
Norms:
Scheme operated through all eligible primary lending institutions except Regional Rural Banks.