Cent Pragati

Eligibility :

  • All types of Traders , Manufacturers / processors, who are registered under GST ( excluding a firm where HUF is a partner).All Agriculture Manufacturing Units registered under MSME , Food processing , etc.

Activity :

  • Any lawful trading / service providers / manufacturers / processors etc, (excluding speculative activity).

Quantum of Finance:

  • Min. Rs.1 crore. Max. Rs.25 crore.

Nature of Facility:

  • Cash Credit / Term Loan

Repayment :

  • Term Loan- 10yrs
  • Cash Credit – On demand

Rate of Interest :

  • RBLR + 0.15 %

Security :

Primary Security :

  • Hypothecation of Stocks and Receivables

Collateral:

  • Required as per guidelines.