10.00 lacs with a maximum of Rs. Assistance under this scheme is available for 2-5 years. Under the scheme, MPFC participates in the equity of any limited company - making public issue of equity shares, either in the promoter's quota or on firm allotment basis against the reservation for financial institutions. A maximum of Rs. The amount under the scheme is released only after raising the promoters contribution towards the share capital.
Loan upto a maximum of Rs.
2.00 lacs in granted under the scheme. No upfront fee is levied under the scheme. The deferred payment carries interest at the normal lending rate of the corporation. MPFC also considers term loan assistance for restarting the same unit or diversifying into some new product line on the merits of the proposal. The scheme is for providing financial assistance for construction of commercial complex including show rooms and sales outlets.