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TUF (Technology Upgradation Fund) Loan


  • Purchase of Machineries, eligible under TUF Scheme


  • Any Business Entity


  • Principal & Interest Subsidy benefit from Central/State Govt.
  • *15% / 20% Capital Subsidy Schemes
  • *10% capital & 5% interest Subsidy Schemes
  • *5% interest Subsidy Scheme
  • Loan tenure maximum upto 84 months
  • Nominal Processing Charge
  • No Hidden Charges
  • No Pre-payment/fore-closure charges
  • Easy Process
  • Interest is charged on reducing balance on daily basis
  • Maximum finance upto 85% of the cost of machineries
  • 2 Guarantors, if required


Documents Required (Illustrative Only)

(Applicants & Guarantors)
Proprietorship firm Partnership Firm Company
PAN, Election Card, of Proprietor PAN of Firm and of all Partners PAN of the Co. & of all Directors, MoA
Proof of Business Existence, Address Proof of Shop / office / Factory
SSI/MSME Certificates
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill Resi Proof of all partners Resi Proof of all Directors
ITR(Computation of Income, P&L, Balance Sheet) for last 3 Years ITR (Computation of Income, P&L, Balance Sheet) for last 3 Years of Firm and Partners ITR for last 3 years of Co. & All Directors
Last 6 Months' Bank Statements (self & Business)

Loan Statements & Sanction Letter of Existing Loans (If any)

Any other document/certificates as required by Bank


  • Machineries to be purchased and Mortgage of Property(Residential/Commercial/Industrial)Other security as required by the bank

Charges & Fees

  • Charges of Title and Valuation are to be borne by applicant.
  • Other parameters considered include age, Business Experience, income, financial stability, Market Conditions & past track record etc.

Terms & Conditions wil lbe as per different Schemes of Government under TUF.

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