home
contact
FAQs
corporate login
 
         
 
 
       
 
home >> services >> financial services
financial services
WBIDC’s key function is to provide financial assistance to investors for setting up new medium and large scale industries as well as expansion, diversification and modernization of existing units. The loans are available in several forms:
Details of various loan schemes effective from 1st October, 2012 :
NORMAL TERM LOAN
Extent of loan No limit, however subject to prudential norms.
Type of rate Floating rate
PLR 14.75%
Applicable Rate PLR + upto 1% per annum
Moratorium Upto 18 months
Repayment period Upto 7 years
Interest payments Payable quarterly
Note: Applicable rate of interest for Term Loan varies from PLR (14.75%) + upto 1% per annum depending on credit rating of the company.
TERM LOAN UNDER EQUIPMENT FINANCE SCHEME (EFS)
In this scheme the loan can be upto 77.5% of the cost of capital goods/equipment (other than second hand for indigenous capital goods/ equipments) to be acquired.
Extent of loan No limit, however subject to prudential norms.
Type of rate Floating rate
PLR 14.75%
Applicable Rate PLR + upto 1% per annum
Moratorium Upto 9 months
Repayment period Upto 5 years
Interest payments Payable quarterly
Note: In case of imported second hand capital goods/ equipments certificate from Chartered Engineer regarding the condition of the capital goods/ equipments and their expected residual life has to be provided.

SHORT TERM LOAN

Extent of loan No limit, however subject to prudential norms.
Type of rate Fixed rate
PLR 14.75%
Applicable Rate PLR + up to 1.25% per annum
Repayment period Upto 9 months
Note: Total installments and interest should be met in PDCs within 9 months from disbursement.

BRIDGE LOAN

WBIDC offers Bridge Loans upto 60% of the admitted claim of State Government Incentives as per terms given below:
Extent of loan Upto 60% of the admitted claim
Type of rate Fixed rate
PLR

14.75%

Applicable Rate PLR + up to 1.50% per annum
Repayment period 15 months
Interest payments Payable quarterly
TERM LOANS SANCTIONED BY WBIDC
Year 2008-09 Click view Term Loans Sanctioned by WBIDC in 2008-09
Year 2009-10 Click view Term Loans Sanctioned by WBIDC in 2009-10
Year 2010-11

Click view Term Loans Sanctioned by WBIDC in 2010-11

 
Click here to view Circular - Restructuring of Interest Rate
Click here to download - Requirements for Securing Financial Assistance
Click here to download forms and formats for Term Loan
 
© 2006, WBIDC
Powered by WDC