Star Yuva Udyami

Scheme

• Star Yuva Udyami

Purpose

• To meet business related needs including purchase of Business Premises, Machinery, Equipment, Furniture & Fixtures, Vehicles, others and to meet Working Capital Requirement of the business.

Eligibility

• All Udyam Registered MSME entities where URC is issued in the name of a person having age up to 35 years.

Margin

• Minimum : 10%

Nature of Facility

• FB & NFB

Quantum of Loan

• Above Rs.10 lakh to Rs.1 Crore (including exporter finance)

Rate of Interest

• RBLR+2.00%, (0.25% concession if ZED certified)

Security

• Primary: Charge on Assets acquired by Bank Finance.

Repayment

• Working Capital: On demand with annual review.
• Term Loans: Maximum 7 years excluding moratorium (6 months max.)

Benefits

• CGTMSE Fee will be borne by the bank for entire tenure of the loan
• Free Merchant QR Code/Internet banking/Mobile banking
• Membership to MSME Youngpreneur Club

(*Terms & Conditions apply.) For further details, Please contact your Nearest Branch.