CentralBank of India-MSME
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CENT - KALYANI

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.

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