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Use of loans

The Working Capital Loans should be used for meeting working capital needs of general business uses.

Form of loans and repayment terms

Working Capital Loans must be in the form of a non-revolving loan.

The loans should be repaid to the PLI by installments.  The first installment should take place not later than six months after the loan has been activated.  The repayment interval between subsequent installments should not exceed three months.

Last Review Date : 08 July 2016