Sl No

Parameter

Scheme Details

1

Purpose

-To meet the liquidity issues due to second wave of COVID-19
-To build up current assets, to meet operational liabilities and restart the business

2

Eligibility

-Existing customers of the Corporation in the Hospitality, Travel & Tourism and Leisure & Sporting sectors.
- All existing customers of the Corporation in MSME Sector and Healthcare sector (excluding, Quarries, crushing units, Contractors and CRE)
-All accounts of the unit should be in standard category as on 31.03.2020 with the Corporation.

3

Maximum Loan amount

Maximum of 20% of the total disbursed amount in all the live (as on loan sanctioning date) TLs, WCTLs and STLs of the unit, with the Corporation, excluding loans provided under ‘COVID 19 Relief Loan Scheme for Existing Customers of KFC’.

Units availed loan under ‘COVID 19 Relief Loan Scheme for Existing Customers of KFC’ will also be eligible for the Relief Scheme 2.0 loan, provided such accounts are in standard category as on 31.03.2021. In such cases, the total sanctioned amount of COVID-19 relief loans should not exceed 40%.

4

Repayment

Maximum of 72 monthly instalments, including a moratorium up to 24 months. The promoter should service the interest portion during the moratorium period.

5

Interest rate

As per Interest Rate Policy

6

Security

Extension of charge over the existing mortgaged securities, subject to the condition that resultant minimum overall ACR, with latest available valuation, shall not fall below 1.

7

Processing fee and upfront fee

As per the Circular for other income. The full processing and upfront fee shall be adjusted in first disbursement.

8

Disbursement

Disbursements shall be done in three instalments, after assessing the requirements of the borrower in each quarter of the FY 2021-22.
However, Disbursements can be done in single instalment, where the promoter maintains DSRA for seven months for all live loans.