Under Union Cyber you can avail loan for setting up internet/cyber cafe for purchase of Computers/PCO Equipments, furniture etc. at rural, semi urban and urban centers.

Minimum Qualification– Minimum S.S.C. passed

Age – between 18 to 30 years, should possess a certificate having completed a basic computer knowledge course

* Women entrepreneurs are given preference

• Maximum Rs. 3 lac.

20% of Term Loan.

Term Loan.

Regular Appraisal method be applied.

Prime – Hypothecation of assets to be acquired out of Bank Finance

Collateral– Nil

* The loan is to be covered under Credit Guarantee Scheme of CGTMSE

INTEREST RATE :- (Base Rate - 10.50%   w.e.f. - 01-05-2012)

Base Rate + 4.75% i.e.:- 15.25%

3 to 5 years depending upon the cash flow.

A. The scheme is available to the educated youths aged between 18 to 30 years with basic computer knowledge having minimum qualification of S.S.C. and should possess a certificate having completed a basic computer knowledge course. Term Loan can be considered for setting up internet/cyber caf� for purchase of Computers/PCO Equipments, furniture etc. at rural, semi urban and urban centers.

A. The finance extended under the scheme shall be maximum Rs.3.00 lacs.

A. Minimum 20% margin is required under the scheme.

A. No Collateral required under the scheme. The loan is covered under Credit Guarantee Scheme of CGTMSE.