There are three reasons why loans under SREUP are attractive to RMG factory owners and their finance heads.
An Attractive Interest Rate
The loans under SREUP come capped at 7% per annum.
Medium-to-Long Term Tenure
The loans offered have a tenure of 3 to 5 years. The tenure can be extended to 7 years in some cases.
An Incentive Grant on Project Completion
The incentive grant is received on the total loan amount and is received when the project is successfully completed