SIDBI : Top Up Loan
SIDBI : Top Up Loan
Objective :
-
To provide timely assistance to existing customer for Additional/ Top-up Needs for existing project/activity of the unit at the same location for following purpose
(a) Purchase of machinery/equipment
(b) Need based civil construction
(c) Acquisition of MFAs
(d) Margin money for working capital* [*only in combination with (a), (b) or
(c)]
Amount of assistance (limit) :
Upto 30% of the previous highest loan sanctioned to the customer, subject to a maximum of `1 crore against each application for top-up assistance.
Nature of assistance:
Term Loan
Coverage:
(i) Atleast 6 months satisfactory principal repayment track
record or one year interest payment record with SIDBI.
(ii) Past customers who have fully repaid their existing loan(s) during last 1
year (not under OTS) may also be assisted under this scheme.
