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| Generator Sets |
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| GENERATOR SETS IN POWER DEFICIT STATES |
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| Purpose:-
This is a scheme specially designed for MSME units. Under this scheme you can purchase a new diesel generator set of a standard company of appropriate capacity depending upon the size of the unit.
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ELIGIBILITY:-
- All registered MSME units that are financially viable and located in Bihar, Haryana, Andhra Pradesh, Jharkand, Madhya Pradesh, Maharashtra, Tamil Nadu, Nagaland, Tirupura and Uttar Pradesh
- Enjoying credit limits with Union Bank or having account with the Bank and do not enjoy credit facilities with any other bank
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| QUANTUM OF LOAN:- |
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| For Micro Enterprises – |
Manufacturing (up to 50KVA) – up to Rs. 5 lac |
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Services (up to 25KVA) – up to Rs. 4 lac |
| For Small Enterprises – |
Manufacturing (up to 125KVA) – up to Rs. 8 lac |
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Services (up to 100 KVA) – up to Rs. 7.50 lac |
| For Medium Enterprises – |
Manufacturing (up to 250 KVA) – up to Rs. 15 lac |
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Services (up to 160 KVA) – up to Rs. 10.50 lac |
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| MARGIN, I.E. YOUR SHARE:-
15% for the Term Loan.
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| NATURE OF FACILITY:-
Term Loan.
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| APPRAISAL:-
Average DSCR should be minimum 1.25:1 and above.
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| SECURITY:-Mortgage of asset created out of Bank Finance
Extension of charge on Fixed Assets
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INTEREST RATE :- (Base Rate - 10.50% w.e.f. - 01-05-2012)
Base Rate + 3.75% i.e.:- 14.25%
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| REPAYMENT:-
Maximum period of 60 months with moratorium period of 6 months.
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| Q. Who are eligible under the Scheme?
A. All registered MSME units that are financially viable and located in Bihar, Haryana, Andhra Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Tamil Nadu, Nagaland, Tripura and Uttar Pradesh, enjoying credit limits with Union Bank or having account with the Bank and do not enjoy credit facilities with any other bank. The credit Rating of the unit should be minimum CR-5.
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| Q. For what purpose the loan is granted?
A. The loan is granted for purchasing new generator set of a standard company of appropriate capacity ranging from 25KVA to 250KVA.
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| Q. What is the quantum of finance?
A. Loan can be granted by way of term loan up to 85% of the price of the generator set subject to the cap fixed depending upon the capacity of the Gen-Set.
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| Q. Is there any margin requirement for availing finance under the scheme?
A. Yes. The minimum margin requirement is 15%.
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| Q. What will be the repayment period?
A. The loan amount will be repaid within a maximum period of 60 months with a moratorium period of six months.
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| Product Testimonial |
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| Quick Links |
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 | | Link To: Union Monthly Plus |
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