Purpose
For setting up a new Green Field New Enterprise in manufacturing, trading or services sector by SC/ST/ Women entrepreneur. Please note that the scheme is not applicable for existing units or for expansion purpose.
Eligibility
SC/ST and /or Woman Entrepreneurs, above 18 years of age. In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and / or Women Entrepreneur.
Nature of Facility
- CC cum TL – composite loan
Max Finance
10 lakh to 1 CRORE
Margin
25%
Interest Rate
Floating 7.80% to 12.40%
Loan Term
84 months