This is a special scheme for Hoseiry units in Kolkata. Under this scheme you get the facility to replace or purchase a new machinery/equipment and / or you can avail this loan to meet Working Capital needs of the units.

• Proposed activity should be situated in and around Kolkata
• Present activity should be profitable for the last 3 years
• Proposed activity should be technically feasible and economically viable

Term Loan and Working Capital to be financed will have a maximum finance of Rs. 20 lac with in which Working Capital limits should not exceed Rs. 5 lac.

15% for both Term Loan and Working Capital limits.

Working Capital / Term Loan.

Term Loan will be considered as per the Bank’s norms taking into account the projected cash flow, DSCR

Working Capital as per the applicable method

Term Loan– Hypothecation of Plant & Machinery. Assets to be acquired through Bank finance

Working Capital- Hypothecation of paid up stocks not older than 3 months and trade debtors not exceeding 6 months

INTEREST RATE :- (Base Rate - 10.50%   w.e.f. - 01-05-2012)

Term Loan -  Base Rate + 3.75% i.e.:- 14.25%                                                              Working Capital -  Base Rate + 3.75% i.e.:- 14.25%

Working Capital - To be renewed/reviewed every year

A. Present and Proposed Hosiery units situated in and around Kolkata are covered under the scheme. The unit should be running profitably for the last 3 years with increase in sales turnover and the proposed activity should be technically feasible and economically viable having minimum Credit Rating of CR-3 and above. The scheme is meant for replacement or purchase of new machinery/equipment and to meet Working Capital needs of the units.

A. Maximum amount that can be financed by way of Term Loan and Working Capital is Rs. 20 lac within which Working Capital limits should not exceed Rs. 5 lac.

A. Yes. The minimum margin requirement is 15% for both Term Loan and Working Capital.

A. The term loan will be repaid within a maximum period of 84 months with a moratorium period of six months. The working capital will be renewed / reviewed every year.