CentralBank of India-MSME
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CENT - LAGHU UDHYAMI CREDIT CARD

Target Group:

  1. Individuals engaged in activities (manufacturing and services) coming under definition of MSMED Act 2006.
  2. Availing working capital credit limits for past 3 years with satisfactory dealings.

Facility:

Working Capital Limit in the form of Cash Credit/Overdraft

Classification of Advance:

Micro Enterprises

Validity:

3 years

Quantum of Finance:

Rs.10 lac

Margin:

20%,

Rate of Interest:

BR+0.50%

Security:

No Collateral Security. Necessarily to covered under CGTMSE.

Guarantee Fee:

Borrower has to bear the guarantee fee.

Processing Charge:

NIL for Priority Sector

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