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Cent MUDRA-Homestay

Eligibility: The Finance under Mudra Homestay scheme will be provided under Incredible India Homestay & Incredible India Bed & Breakfast/Homestay facilities.

  1. Incredible India Homestay: - Where the owner /promoter of the establishment along with his / her family is physically residing in the same establishment and letting out minimum one room and maximum six rooms (12 beds).
  2. Incredible India Bed & Breakfast: - Where the owner / promoter of the establishment does not reside at the establishment himself/ herself, but an agent. The establishment should have a minimum of 1 lettable room and a maximum of 6 lettable rooms (12 beds).

Borrowers should have valid Registration/Certification from Ministry of Tourism (Govt of India) as Silver/Gold under Home stay scheme.

 Udhyam Registration Certificate is mandatory.

Activity: Non-Firm Enterprises in Service whose credit need is -20.00lakhs for the Unit Covered Under Mudra, and Homestay & Breakfast facility.

Nature of Facility: Working Capital (Cc)

                                    Term Loan

Quantum of Finance: Min. ₹ 10,000/-

                                         Max. ₹ 20.00 Lakh

Interest Rate: Attractive and Competitive Interest.

Margin: Up to ₹ 50,000/- – NIL

                Above ₹ 50,000/- - 25%

Guarantee: CGTSME Guarantee coverage available.