To encourage Women Entrepreneurs to start new project or expand / modernise the existing unit.
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)
To meet capital expenditure ( Plant & Machinery /Equipments etc).
& To meet day to day expenditure
NATURE OF FACILITY:
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 .
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.
Charge on stock/Receivables/ Plant & Machinery,Equipments and all other unencumbered assets acquired for business .
Charge on stock/Receivables/ Plant & Machinery , Equipments and all other unencumbered assets acquired for business .
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
Guarantee cover of CGTMSE .( CGTMSE Fee for the first year to be paid by the bank)
Comprehensive insurance of Stock ,Machinery equipments etc with Bank clause.
For other details please contact nearest Branch of the bank or Women Entrepreneur Cell no 022 66387777.