Eligibility: New / Existing Units of Individuals, proprietorships, partnerships, or private companies having good credit history and financial standing with OMC dealership approval and having Minimum required land area as per OMC policy.
URC is mandatory.
Purpose:
- Term Loan: Site development, infrastructure setup. (No Land to be financed under the Scheme).
- Working Capital: Inventory (fuel, lubricants, CNG), staff salaries, Managing day-to-day operations.
Facility: Term Loan /Working Capital (Overdraft)/BG/LC
Quantum of Finance:
- (WC + TL).
Minimum – ₹11.00 Lakh)
Maximum- ₹ 5.00 Crore
- Term Loan:
Max. ₹3.00 Crore
Working Capital: Max. ₹2.00 Crore
Margin: Minimum 25%
Repayment:
- Term Loan: 10 Years (including maximum moratorium of 12 months).
- Working Capital: 12 months (subject to annual review / renewal).
Security:
Primary Security: Hyp. of fuel stock, Debtors, equipment, etc financed by the bank.
Collateral Security: 100% Equitable Mortgage/ Registered mortgage (under sole charge to the Bank) of SARFAESI compliant immovable property other than Petrol Pump / Unit.