ere is. however. a Single Window Scheme for SSI units. Under the scheme.
one
agcncy, either the bank
or
the financial institution. funds both the
tenn
loan and
working capital requirements. This scheme applies to all SSI projects with project
CO
SI upto Rs
50
lakhs. The working capital loan is generally secured against
•
pl
edging
of
slocks, raw materials and finished goods;
• advances against work-in-progress (WIP); and
• advance against bills.
A formal application needs to be made for loans from financial institutions and
commercial banks. The details
of
documentation
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.