To provide hassle free finance for meeting long-term establishing, expansion, modernizing and plant modification requirements of the applicant.
To Partnership, LLP, Private Limited and Public Limited Companies
Financial Assistance of Rs. 100 Lakhs to Rs. 6,000 Lakhs
Repayment period of 6 to 10 years, fixed depending on the cashflow
Moratorium period of 1 to 2 years
Interest rate of 8.50% to 10.50% (floating, based on internal credit rating mechanism)
Additional 0.5% rebate on prompt repayment of financial assistance
Security for the loan shall be exclusive/ pari passu charge over the assets of the unit financed
Release of security documents:Within 30 days after closure of loan and production of NOC from other institutions/RR/Dept/ evidence of disposal of litigation etc:
Equipment Purchase Loan
To provide financial assistance for meeting plant & machinery / utilities / equipment purchase requirements of the existing/ new clients with good track record
To Partnership, LLP, Private Limited and Public Limited Companies
Financial Assistance of Rs. 200 Lakhs to Rs. 2,000 Lakhs
Repayment period of 5 to 8 years, fixed depending on the cashflow
Moratorium period 6 months
Financial assistance of up to 77.50% of the acquisition cost of plant & machinery / utilities / equipment (i.e., promoter’s margin required shall be minimum 22.50%)
Interest rate of 8.50 % to 10.50% (floating, based on internal credit rating mechanism)
Additional 0.5% rebate on prompt repayment of financial assistance
Security for the loan shall be as per the prevailing lending norms for both the existing and new clients
Release of security documents:Within 30 days after closure of loan and production of NOC from other institutions/RR/Dept/ evidence of disposal of litigation etc:
Corporate Loan
To provide financial assistance to established Corporate groups for acquisition of assets or/and expansion / modernization / diversifications
The group company shall be a reputed player in the sector led by a professional and proven management of good reputation
Existing and new clients with good performance track record can avail the scheme
Sanction is purely based on the strength of the balance sheet & profitability and volume & prospects of the existing business
Financial Assistance of Rs.200 Lakhs to Rs. 4,000 Lakhs
Repayment period of 5 to 8 years, fixed depending on the cashflow
Moratorium period of 6 to 12 months
Interest rate of 8.50 % to 10.50% (floating, based on internal credit rating mechanism)
Additional 0.5% rebate on prompt repayment of financial assistance
Security for the loan shall first charge on the existing fixed assets of the company, assets to be acquired, collateral etc. to cover at least 150% of the loan
Release of security documents:Within 30 days after closure of loan and production of NOC from other institutions/RR/Dept/ evidence of disposal of litigation etc:
Working Capital Term Loan
To provide hassle free finance for meeting long-term establishing, expansion, modernizing and plant modification requirements of the existing/ new clients with good track record
To provide financial assistance to eligible entities for meeting the working capital requirements
To Partnership, LLP, Private Limited and Public Limited Companies
Financial Assistance of Rs. 200 Lakhs to Rs. 2,500 Lakhs
Repayment period of 5 to 8 years, fixed depending on the cashflow
Interest rate of 8.50% to 10.50% (floating, based on internal credit rating mechanism)
Additional 0.5% rebate on prompt repayment of financial assistance
Security shall be first charge over the existing fixed assets of the company exclusively or on a pari passu basis so as to provide security margin of 25% or 133.33% collateral security or a combination of two
Release of security documents:Within 30 days after closure of loan and production of NOC from other institutions/RR/Dept/ evidence of disposal of litigation etc:
Share investment
To give financial assistance in the form of share capital contribution to public limited entities
Equity Share Investment up to 26% in select cases
Preference Share Investment up to 11% in select case. Dividend rate prescribed is the term lending rate
Release of security documents:Within 30 days after closure of loan and production of NOC from other institutions/RR/Dept/ evidence of disposal of litigation etc:
KSIDC Privilege Card
To give financial assistance to the best of KSIDC assisted units having a minimum of 3 years of association
The new loan up shall be 50% of the outstanding amount
Loans shall be offered in the lowest rate in the interest band
Should have good repayment track record with KSIDC and the accounts must be in standard category
Has submitted the latest audited/provisional balance sheet
