Funding support to eligible Start Ups recognized as per government policy.
To finance for innovation,development,deployement or commercialization of new product, process or services driven by technology or intellectual property as per start up scheme.
Term Loanworking Capital/Non fund based limit Composite loan may be considered at the time of initial sanction
Term Loan:25 0/0
Working Capital: 10%
ROI to be fixed on the basis of Credit risk rating.
1% concession in applicable ROI,subject to minimum a ro riate 1 Yr MCI-R +BSS.
Waived.
As applicable
As per extant guidelines. Financing below entry level is not ermitted.
Primary :
Collateral :
Any Start Up will cease to be Start Up if it has completed 05 years from the date of incorporation/registration or if its annual turnover is more than 25 crores.
If any entity ceases to be start up as defined above the facilities sanctioned under the scheme, upon review will be converted into normal finance under MSME and all the concessions allowed as per scheme will stand withdrawn
Any Seed CapitalNenture Capital invested by Venture Capitalist/Angel Funds should be treated as margin/equity for calculation of DER.
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