Financial assistance shall be provided in the form of term loans to micro enterprises for Capex or meeting working capital requirement.
- Up to 100% finance
- Funding of both Capex and working capital requirement.
- Nil processing fee.
- Interest rate of 6% p.a. (5.50% p.a. for women run / owned enterprises).
- Repayment upto 5 years (3 years for WCTL).
- Availability of CGTMSE cover.
- Simplified documentation
- Quick sanction and disbursement
- Term loans to Micro enterprises.
- Minimum 2 years operations of the unit required.
- Operating profit during past 2 years.
- Cash profit during past one year.
- No default / delinquency to any bank /FI, etc., during past 24 months.
- Standard Norms apply (CIBIL / CMR, due diligence checks etc.)
Preference to women run / owned enterprises and entrepreneurs from smaller cities (beyond Metros).
- TL upto 100 Lakh
- Till utilisation of the corpus as allocated/decided from time to time
Interest Rate- Interest rate of 6% p.a. (5.50% p.a. for women run / owned enterprises).