The corpus amount is provided to existing reputed finance companies who are engaged in this business. Subsequently, it gets individual agreement executed between the vehicle operator and MPFC, whenever the corpus fund is used. The corpus fund assistance is a one time assistance and needs to be utilised within a specified period. All risk of finance under the scheme are to be undertaken by such assisted company. The limit of assistance is upto the extent of loan already repaid by them till the date of application.
Minimum loan is Rs.
5.00 lacs and maximum loan is Rs. Repayment should be done within 5 years. Assistance under this scheme is provided to all existing industrial units. However, assistance to projects under implementation may be considered on merits. Repayment should be done within 5 years.