Foreign Currency Term Loan Scheme (FCTL)


FCTL will be extended in USD & Euro currencies.

For acquisition of fixed Assets
Purpose

For setting up new projects as well as for expansion, diversification, technology upgradation and modernisation of existing units with good track record covering both indigenous and imported. The units should preferably be export-oriented.

Eligible Borrowers

Industrial concerns in the SME sectors.

Norms

Repayment - maximum 5 years with a moratorium of 1 year, linked to the cash flow of the unit.



For Working capital purposes
Purpose

For meeting working capital requirements, both indigenous and imported.

Eligible Borrowers

SME units and Export / Trading Houses sourcing their requirements for export from SME sector and having consistent export performance.

Norms

Repayment - maximum 5 years.










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