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Purpose
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The scheme is aimed to provide the finance for setting up New Compressed Bio Gas Plants and up gradation of Existing Bio Gas Plants |
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Eligibility |
*Sole Proprietorship/ Partnership/ Limited Liability Partnership/ Companies/ Cooperative Societies and Other Constitution of Borrowers permissible by Ministry of Petroleum and Natural Gas. |
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Nature of facility |
Term Loan/CC/ODBD/ BG/LC |
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Margin |
Minimum 25% |
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Security
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Minimum 50% Collaterals to be obtained where forward and backward linkage are in place and in other cases 100% collaterals are to be obtained. |
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Interest Rate
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Up to Rs 100.00/- Lakh - MCLR + 1.35% |
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Repayment
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Working Capital – Maximum period of 12 Months – Annual Renewal Term Loan – Maximum 12 Years including moratorium of 6 months to 2 years repayable in Monthly/ Quarterly instalments. |
