Target Group

• Existing and prospective MSME Entities proposing to establish/expand/modernize EV Charging Infrastructure

Purpose

• Financing for setting up / expansion / upgradation of Public Charging Stations (PCS), Captive Charging Stations (CCS), Fleet Charging Stations both under standalone or franchise model.

Eligible Locations

• Charging stations at highways, city locations, commercial premises, industrial areas, parking facilities, hotels, restaurants, fuel stations, fleet hubs, transport terminals, residential societies  and other suitable locations.

Eligible Project Cost

• Cost of charging Equipment along with required hardware/software costs
• Where the project includes solar/renewable energy integration for charging operations, eligible project components may be considered
• Cost of associated customer amenities such as restrooms, cafeteria, waiting area, parking and basic customer facilities may be considered, subject to 25% ceiling of overall project cost, wherever required.

Eligible Customers

• Individuals/ Proprietorship Firms/ Partnership Firms/ Corporates and other legal entities other than HUF

Nature of facility

Term Loan

Loan amount

Above Rs.10.00 Lakhs to Rs.10.00 Crores

Margin

25% on total project cost

Tenure

96 months (inclusive of moratorium period)

Moratorium period

Up to 6 months and interest to be serviced during moratorium period

Repayment method

• EMIs
• Principal Equated distribution
• Ballooning Repayment

Security

• Primary: Hypothecation of EV Charging equipment and other movable assets created out of loan
• Collateral :

• Up to Rs.20.00 Lakhs : CGTMSE Coverage
• Above Rs.20.00 Lakhs : Collateral/CGTMSE/Hybrid

• Guarantee : Personal Guarantee of all the Promoters/ Partners and Property owners

** CGTMSE Premium to be borne by customer

Rate of Interest

9.00% to 9.25%

Charges

Processing Charges – NIL