|
Eligibility |
Corporate/Non Corporate owners
of fleet of
trucks/tankers/trailers/tippers/luxury
buses (surface transport
operators) owning more than 10
well-maintained vehicles
(including the proposed) |
|
Purpose |
To finance Transport Operators |
|
Nature of facility |
Term Loan for purchase of chasis
inclusive of excise duty and
body building expenses
Working Capital by way of CC
against receivables outstanding
of Central Government
Departments and reputed
public/private sector
undertaking under a contract
(age of receivables not more
than 3 months)
|
|
Quantum of finance |
Rs.in crores
|
CONSTITUTION |
Minimum |
Maximum |
|
Corporates
Fund Based
Term Loan
Working Capital (CC)
Total Indebtedness |
0.15
0.10
0.25 |
7.50
10.00
10.00 |
|
Non Corporates
Term Loan
Working Capital (CC)
Total Indebtedness |
0.15
0.10
0.25 |
4.00
7.50
7.50 |
|
|
Repayment |
CC repayable on demand, renewal
every year
TL – 5 years (including
moratorium period of 2 months) |
|
Margin |
|
TL |
Minimum 20% |
|
CC |
Minimum 20% |
|
