The loan to be considered for the following capital expenditure related to the regular business activity:
- Replacement of old machinery, purchase of balancing equipment, modernization, investment in research and development, installation of captive power plants and upgradation of technology, alteration in the layout of factory/office, acquisition of software, hardware, and tools, jigs, fixtures etc. forming part of plant and machinery, purchase of cars, passenger cars for staff and other vehicles for use of business purpose.
Credits – BOB ( Bank of Baroda )