Micro & Small Enterprises in rural, semi urban, urban and metro branches
Investment and working capital requirements. This product will be offered to those Micro & Small Enterprises who require both working capital and term/demand loan
Composite Loan in the Form of Demand/Term Loan
For units located in | Maximum amount of loan |
---|---|
Rural Areas | Rs. 5,00,000/- |
Semi-urban Areas | Rs 10,00,000/- |
Urban Areas | Rs. 50,00,000/- |
Metro Areas | Rs. 100,00,000/- |
15%
As applicable
Hypothecation of Assets crated out of bank finance as well as existing unencumbered assets of the MSE unit.
- Equitable Mortgage of Land/Land & Building which is part of the business activity such as business premises
- Guarantee Cover under CGTMSE Guarantee Scheme. No collateral security/third party guarantee to be obtained
Loan is to be repaid in maximum 5 years with a moratorium of 3 to 6 months to be determined on the merits of the case
As applicable
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