VIKAS PARIHAR

1. Our existing customers whose limits are in force as on date of sanction, irrespective of risk rating.
2. All business enterprises / Micro, Small and Medium Enterprises / institutional burrowers/ individuals with combines outstanding loans across all member lending institutions up to Rs 50 crores as on 29.2.2020 and an annual turnover of up to Rs 250 crore in Financial Year 2019-20.
3. Business Enterprises / Micro, Small and Medium Enterprises / individuals who have availed the loan for business purposes are also eligible.
4. Pradhan Mantri Mudra Yojana extended on or before 29.02.2020, and reported on the MUDRA portal are eligible. All eligibility conditions including the condition related days past due would also apply to PMMY loans.
5. Loans provided to business Enterprises/ Micro, Small and Medium Enterprises constituted as Proprietorship, Partnership, Registered Company, Trusts and Limited Liability Partnership(LLPs), individuals are eligible. For instance, any existing loan taken by an entity shall be covered. Loan taken by promoters or directors in a personal capacity is not covered under this scheme.
6. For loans having co-applicant, only those existing loans where an entity is the primary co-applicant are covered under the scheme for additional emergency funding.
7. Borrower accounts should be less than 60 days past due as on 29th Feb 2020 will be eligible
8. Business Enterprises ./ Micro, Small and medium enterprises (MSME) borrower/ individuals must be Goods and Service Tax registered in all cases where such registration is mandatory.
8. Business Enterprises / MSME borrower must be GST registered in all the cases where such registration is mandatory

Quantum of loan to eligible borrowers in the form of additional working capital term loan facility would be up to 20% of their total outstanding loans as on 29Feb 2020. The maximum permissible loan under Vikas Parihar Scheme is up to Rs 20 Crore only, Subject to the borrower meets all the eligibility criteria.