Moratorium period : Upto 12 months from the date of disbursement.

Repayment Period : Upto 3-years

Interest to be serviced on a monthly basis as applicable to all other loans of the Corporation.

8% p.a. ( Reducing balance) for the proposed new facility.

The original loan will continue to carry interest at the existing rates.

The reduced interest rate in the emergency credit line should not be considered as the justification for reduction in the existing interest rate of the borrower.

i) 100% credit guarantee cover will be available on principal and interest under GOI’s Emergency Credit Line Guarantee Scheme.

ii) Extension of charge on existing primary and/or collateral security,

iii) Personal and corporate guarantee, if any.

As per extant instructions to be executed before disbursal.

i) The appraisal will be based on the units/ company’s cash flow basis and as such detailed appraisal will not be required.

ii) Internal credit rating will not be required irrespective of the loan amount and turnover of the company.

iii) If the unit has already availed Covid-19 Emergency funding from their existing working capital lender, the maximum eligible loan amount for NEDFi’s assistance shall be limited to the extent of funding gap available for the unit.

iv) In case of consortium, NOC from other members to be sought for extension of charge on the existing security. In case, such NOC is not available on time, the borrower may be given option of providing collateral security to cover the new loan.