Equity Participation Scheme
This scheme has as objective to assist businesses with an annual turnover of up to Rs250 million to overcome their financial difficulties in the wake of COVID-19.
- Decision-making takes into account key investment criteria and a balanced risk-taking approach.
- Projects to be analysed at level of Management, examined at the level of the Investment Committee and would then be recommended to the Board for final approval.
The corporate guarantee is being provided to banks on behalf of eligible economic operators directly affected by COVID-19.
- The maximum amount of the guarantee shall be 60% of Outstanding Liabilities for SME’S and 50% of the Outstanding Liabilities for all other Eligible Economic Operators.
- Tenure for a period of 48 months with moratorium of up to 9 months.
How to apply
Ms Harshini Moonisamy