Purpose of Loan
To generate continuous and sustainable employment opportunities for women entrepreneurs.
- Woman Entrepreneurs, above 18 years of age.
- No income ceiling for assistance.
Nature of Facility
The facility may be Overdraft / Cash Credit working capital limit/ Term Loan / Non Fund Based Limit (for Working Capital as well as Term Loan).
Quantum of finance
Maximum Rs.100.00 lac.
Margin is 20%
Rate of Interest
Upto Rs. 10 lacs:
MCLR +0.25 %. + Tenure Premium wherever applicable**
Rs. 10 lacs to Rs. 100 lacs(maximum):
MCLR+0.50%+ Tenure Premium wherever applicable**
**For Term Loan Tenure Premium (including moratorium) will be as under:
-->1 years upto 3 years: 0.20 premiums
-->3years upto 7 years: 0.40 Premium
- Working Capital : On demand
- Term Loan: Maximum 7 years including moratorium period of 6 Months to 1 year
- Hypothecation of stocks and receivables and all assets created out of Bank's fund.
- No Collateral OR third party guarantee required
- Necessarily to be covered under CGTMSE.CGTMSE coverage is applicable to units except Retail Trade (categorized as small services), Educational/Training Institutions, and SHGs.
For further details please contact our nearest branch or call on the toll free no. 1800 22 1911
- KYC norms to be ensured. Name changed after marriage to be kept in record.
- Standard Application form approved by IBA (already circulated and is available in website)
- Balance Sheets for the past 2 years along with estimated & projected Balance Sheets and other financial statements, where ever applicable.
- Letter of Hypothecation, Letter of interest, Letter of Continuity & Letter of Understanding by Borrower
- DP Note
- Disclosure of names of borrower in case of default to be obtained.
Page Under Construction