Compressed Bio Gas under SATAT Scheme - Business
Compressed Bio Gas under SATAT Scheme
Purpose
- To part-finance setting up of Compressed Bio-Gas (CBG) plants
Features
- Target Group :
- Entrepreneurs who have been awarded Letter of Intents (LOIs) by Oil Marketing Companies (OMCs) for supply of Compressed Bio-Gas under SATAT Scheme.
- Obtention of LOI from OMCs is a pre-condition for processing the loan.
- Facilities Available :
Term Loan, Working Capital
- Quantum of Loan :
Rs.50 Crores Max. (to be handled by R&DB) Above Rs.50 Crores (to be handled by CCG)
- Pricing :
Attractive Interest rates based on rating of the Borrower/ External Rating or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank.
EBR (Linked to Repo Rate and Currently EBR is Repo Rate + 2.65%) linked (for MSMEs) & 6 months MCLR linked (for Non-MSMEs) - Borrower's Margin / Contribution :
- Term Loan: Min. 30% of Project Cost. Project cost shall include all components including margin money for Working Capital as per Bank guidelines on financing Term Loan / Project loans.
- Working Capital: Min. 25%
- Repayment Period :
- Repayment tenor: Term loan repayable in 10-12 years. DCCO to be clearly documented / recorded. The overall door-to-door tenor (moratorium + repayment tenor) not to exceed tenor of offtake agreement, which is 15 years and may be extended on mutual consent. For Renewable Energy projects, overall door-to-door tenor permissible is upto 15 years.
Operating unit should also examine availability of tail period at the time of analyzing the financial model and commercial viability of the project.
- Repayment tenor: Term loan repayable in 10-12 years. DCCO to be clearly documented / recorded. The overall door-to-door tenor (moratorium + repayment tenor) not to exceed tenor of offtake agreement, which is 15 years and may be extended on mutual consent. For Renewable Energy projects, overall door-to-door tenor permissible is upto 15 years.
- Processing Fee/ Upfront Fee :
As per Bank's extant guidelines
- Other Charges :
NA
- Special Feature :
The CBG projects shall be financed through a few identified SME Intensive Branches in each Circle to develop the expertise and improve the turnaround time (TAT). Circles may identify and designate few Branches for the Product
Target Group & Eligibility
- Entrepreneurs who have been awarded Letter of Intents (LOIs) by Oil Marketing Companies (OMCs) for supply of Compressed Bio-Gas under SATAT Scheme.
- Obtention of LOI from OMCs is a pre-condition for processing the loan.
Last Updated On : Wednesday, 20-03-2024
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Compressed Bio Gas under SATAT Scheme
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above