CentralBank of India-MSME
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CENT - PROTSAHAN

Purpose :

To meet Exhibition Participation fee, Transit Expenses and Living Expenses of Proprietors / Partners / Directors of firms engaged in MSE Sector participating in various exhibitions in India/abroad to market and brand their products / services of MSE (Micro & Service Enterprises).

Eligibility :


Individuals age between 21 to 55 years having minimum income of Rs.5.00Lac p.a. or/having post tax net profit of Rs.5.00Lac.

Target Group: :


Proprietor/Partners/Directors of the firms engaged in MSE Sect

Facility :


Term Loan

Loan Amount: :


Max. of Rs.400000/- for domestic & Rs.1500000/- for international tour.

Margin :


25% of total estimate

Repayment:


Max. 36 EMIs commencing from next month of disbursement.

Security:


Upto Rs. 1 lakh - Personal guarantee.
Above Rs.1 lakh -LIC (SV)/KVP/NSC/FDR to the extent of 100% of portion above Rs.1.00 lakh in addition to Personal Guarantee..

Interest Rate: :


MCLR+4.00%,(1% incentive will be available if 100% liquid security is offered )

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