Assistance for Acquiring Indigenous or Imported Second Hand Machinery

The unit which are in existence for a minimum period if 2 years, working profitably and regular in repayment of loans availed by any financial institutions/ commercial banks are eligible for financial assistance. The maximum loan assistance of Rs. 240.00 lakhs for loans upto Rs. 10.00 lakhs will be applied for determining the extent of loan for the project. The Corporation will insist for valuation certificate from a Chartered Engineer in respect of second hand machinery proposed.