- Nature of Facility : Composite Loan (Working Capital facilities / Term Loan)
- Purpose :To meet all kinds of credit requirement for setting up Greenfield projects under manufacturing, services or the trading sector.
- Target Group :SC / ST and Women entrepreneurs
- Quantum of loan (Min/Max)
- Minimum loan amount: > Rs 10 lacs
- Maximum loan amount: Rs. 1 crore
- Margin (%) : Minimum mandatory margin is 10%. Max. Margin money on composite loan would be upto 25% which will be reduced through convergence with Central / State schemes.
- Pricing : Competitive Interest rates Linked to MCLR
- Collateral Security : No Collateral / Third Party Guarantee to be obtained. All loans to be covered under CGSSI (Credit Guarantee Scheme for Stand-Up India Scheme)
- Repayment Period : Maximum of 7 years (including moratorium period upto 18 months)
- Processing Fee : 0.20% of loan amount (plus GST as applicable). No other charges are proposed to be recovered.
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