OBJECTIVE:
To encourage Women Entrepreneurs to start new project or expand / modernise the existing unit.
TARGET GROUP:
New as well as Existing Women entrepreneurs for her Micro / Small enterprise ( as defined under MSME Act- 2006) .i.e engaged in manufacturing and service activity for eg. Handloom weaving Handicraft, Food-Processing, Garment making etc. etc. Professionals & Self employed women - Doctors, Chartered Accountants, and Engineers or trained in Art or Craft etc. Health /Beauty clinics/Dieticians/Fashion Designing Beauty Parlors .Small Business-Small lunch/canteen, mobile restaurant, circulating library/ tailoring /Day Creaches for children ,Tailoring, Typing / STD/ Zerox booth etc.Transport Operators- Three wheeler /Four wheeler . (Retail Trade/ Education and training Institute/ Self Help Group not eligible)
PURPOSE:
To meet capital expenditure ( Plant & Machinery /Equipments etc). & To meet day to day expenditure
NATURE OF FACILITY:
Term Loan Fund Based Working capital Facility - Overdraft/ Cash Credit Non Fund Based Working Capital - Letter of Credit /Letter Of Guarantee etc
QUANTUM OF FINANCE:
Maximum Rs. 100 Lacs .
MARGIN:
20%
RATE OF INTEREST:
Concession in Rate of interest - Loan up to Rs. 10 Lacs - MCLR + 0.25% Loan above Rs. 10 Lacs and up to Rs.100 Lacs - MCLR + 0.50% Additional Interest concession of 0.25% if account is rated by external agency.
PRIMARY SECURITY:
Charge on stock/Receivables/ Plant & Machinery,Equipments and all other unencumbered assets acquired for business .
PRIMARY SECURITY:
Charge on stock/Receivables/ Plant & Machinery , Equipments and all other unencumbered assets acquired for business .
COLLATERAL SECURITY:
No Collateral Security as Advance is covered by Guarantee cover of CGTMSE
THIRD PARTY GUARANTEE:
No Third party Guarantee necessary as advance is covered by Guarantee Cover of CGTMSE
CGTMSE COVERAGE:
Guarantee cover of CGTMSE .( CGTMSE Fee for the first year to be paid by the bank)
PROCESSING FEE:
NIL
INSURANCE:
Comprehensive insurance of Stock ,Machinery equipments etc with Bank clause.
Other Details:
For other details please contact nearest Branch of the bank or Women Entrepreneur Cell no 022 66387777.