A scheme devised for increasing the flow of credit in case of MSE enterprises through Single Window.
| Eligibility |
Artisan, Village and Cottage Industries and Micro enterprises –Manufacturing units under the scheme irrespective of their location. |
| Purpose |
For equipment finance or working capital or both. The scheme also cover outlay on work sheds required by beneficiaries for carrying out their activities |
| Quantum |
Maximum Rs.100.00 lakhs. |
| Margin |
a) Upto Rs.25,000/- Nil
b) Above Rs.25,000/- and
upto Rs.25.00 lakhs 15% to 25%
c) Above Rs.25.00 lakhs and
upto Rs.100.00 lakhs As per Bank
guidelines |
| Security |
Primary: Pledge/ Hypothecation/Mortgage of assets created out of the loan
Collateral: Nil up to Rs.5 lakhs
For above Rs.5 lakhs-As per Bank
policy from time to time |
Co-obligation/
Guarantee |
Upto Rs.5 lakhs- Nil
Above Rs.5 lakhs- As per Bank policy from time to time |
| Repayment |
3 to 10 years with initial moratorium of 12-18 months |
| Guarantee |
- Up to Rs.5 lakhs are covered under CGTMSE.
- Loans above Rs.5 lakhs and upto Rs.100 lakhs can be covered under CGTMSE subject to no collateral security and third party guarantee.
- Guarantee fees and Annual service fees of CGTMSE have to borne by the borrower
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