DISTRESSED ASSETS FUND – SUBORDINATE DEBT SCHEME FOR MSMEs

DESCRIPTION

• This Scheme seeks to extend support to the promoter(s) of the operational MSMEs which are stressed
  and have become NPA as on 30th April, 2020;
• Promoter(s) in turn will infuse this amount in the MSME unit as equity and thereby enhance the liquidity
  and maintain debt-equity ratio.
  NATURE OF ASSISTANCE
• Guarantee for the sub-debt: 90% guarantee coverage would come from the scheme / trust and
  remaining 10% from the concerned promoter(s);
• The maximum tenor for repayment will be 10 years. There will be a moratorium of 7 years on payment
  of principal.

Subsidy Consultants, MSME consultants, PSI Consultant, Loan Consultant