Special Financial Products
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- Bill Discounting Loan
- To provide finance support for purchase / discounting of bills to Class A/B registered contractors with KWA, PWD etc. who have executed works (Civil,Mechanical,engineering ) of Government Department/ undertakings and whose bills are pending at Treasury
- The minimum loan amount shall be Rs.200 lakhs. The maximum amount shall be limited to the amount indicated in the Government Promissory Note. The exposure of KSIDC to an entity at any point of time shall not exceed Rs.2500 lakhs.
- The interest rate shall be 9.00% (floating)
- Partners/ Shareholders/ Directors and persons authorized by the Board (in case of societies) shall provide personal guarantee for the loan.
- Contractor Loan
- To provide financial assistance by way of working capital term loan to eligible, established and creditworthy applicants in the State for execution of various works in connection with Government assigned contracts in the State
- To Company, LLP, Proprietorship concern or Partnership Firm
- Shall be provided a financial assistance of 60% of the cost of work awarded
- Financial Assistance of Rs. 50 Lakhs to Rs. 6,000 Lakhs
- Repayment period of 3 years
- Interest rate of 9.50% (floating)
- Security for the loan shall be unencumbered collateral security, irrevocable Bank Guarantee, and fixed deposit in nationalized / scheduled banks providing 133% of cover for the loan sanctioned
- Caravan Loan
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- To provide finance for meeting the expenditure for purchasing of new caravans and / or setting up caravan parks
- Maximum finance from KSIDC per caravan is limited to 70 % of the cost of caravan. Promoters have to bring in the balance 30 %
- Financial Assistance of Rs. 25 Lakhs to Rs. 100 Lakhs per caravan, with the maximum lending limit being Rs. 500 Lakhs
- To Existing resorts/resort groups (firms, LLP and limited companies), Existing fleet owners/tour operators (firms, LLP and limited companies) and Returnee migrants
- Repayment period of 7 years
- Moratorium period of 12 months, extendable by another 6 months, from the date of first disbursement
- Interest rate of 8.50% (floating)
- Security for the loan shall be hypothecation of the caravan. In case of multiple vehicles financed, collateral security to cover 140% security shall be provided
- In case of funding for caravan parks, mortgage of caravan park exclusively to cover 140%
- WE Funding
- To provide financial assistance to existing women entrepreneurs in the manufacturing/service business using industrial machinery/equipment for scaling up through expansion, modernization and related diversification with the turnover condition mentioned below.
- The minimum average annual turnover shall be Rs.10.00 Lakhs for seeking assistance under this scheme up to Rs.25.00 lakhs and for above Rs.25.00 lakhs assistance, average annual turnover shall be double the loan requirement.
- Assistance shall be given to proprietorship, partnership firms, limited liability partnerships, private limited companies etc. owned and managed by women (holding 51% or more)
- Loan assistance of up to 80% of project cost shall be provided
- Lending limits shall be a maximum of Rs.50.00 Lakhs
- Interest rate of 7.50%
- Tenure of loan shall be limited to a maximum of 6 years, including a moratorium up to 6 months from the date of sanction of loan
