Facility under the scheme shall be provided for the following purposes for genuine business needs, not prohibited by applicable law:

1. TERM LOAN for the following purposes:
   
   • Purchase of NEW Construction Equipment(s)/ Machinery(ies)/ Vehicle(s) used in Construction/ Civil Contracts such as:
   1. Dump Truck/ Tippers
   2. Pokland Machine/ Excavator/ Diggers
   3. Roller Machine/ Road Roller
   4. Truck Mixer for RMC/ Cement Mixer/ Transit Mixers
   5. Bulldozer/ Dozers
   6. Front/ Backhoe Loader
   7. Wheeled Crane
   8. Crawler Crane
   9. Forklift
   10. Compactors
   11. Telehandlers
   12. Drillers
   13. Graders
   14. Skid Steers
   15. Heavy DG Sets
   • All other necessary equipment’s involved in construction and related activity.
2. OVERDRAFT LIMIT to existing/new Term Loan borrowers who have availed term loan under PGB CONSTRUCTION EQUIPMENT SCHEME or to applicants who are existing owner of Construction Equipment/ Vehicle financed by any other Bank/ FI.

• Primary – Hypothecation of assets created out of the Bank finance along with entire current assets and non-current assets (Present & Future) of the unit.
• Collateral – Advance shall be covered by collaterals in the form of Immovable property (IP) & Bank’s approved liquid security.
• Coverage under CGTMSE also available.

*Subject to change from time to time

For more information or any query related to the scheme, kindly visit your nearest PGB branch.