1.          

  Eligibility

• All women owned and managed MSMEs (having valid UDYAM Registration Number).
• In case of Partnership/Companies, women must own minimum share capital of 51%.
• Women Self Help Group (SHG) having valid Udyam Registration Certificate.

2.          

Purpose

• Term loan for purchase/construction/renovation of factory/ offices / shop / godown or for purchase of plant & machineries.
• Cash Credit for working capital requirements

3.          

Quantum of Finance

• Minimum : – Rs.2.00 Lacs
• Maximum : – No ceiling, need based finance to MSME.
• Maximum Quantum allowed to SHG – Rs.20.00 Lacs

4.          

Margin

• Minimum 5% margin for loans up to Rs 100.00 lakh
• Minimum 15% margin for loans above Rs 100.00 lakh

5.          

Processing Charges

• For exposure up to Rs.200 lakhs – NIL
• Exposure above Rs.200 lakhs – 50% concession in applicable charges

6.          

Facility

• Working Capital (Fund Based and / or Non Fund Based)
• Term Loan

7.          

Security

• Primary:
  • All assets created out of Bank’s finance shall be charged in favor of Bank by way of Hypothecation/ Mortgage etc
• Collateral:
  • Loans up to Rs.5.00 Crore are eligible to be covered under CGTMSE without any collateral security.
  • Loan above Rs.5.00 Crore may be covered under Hybrid Model of CGTMSE. Accordingly, exposure above Rs.5.00 Crore which is not covered under CGTMSE is required to be covered by 25% collateral
  • For borrowers not covered under CGTMSE, minimum 50% collateral coverage is required to cover under this Scheme.
  • SHG borrowers are to be covered under CGFMU or any other guarantee scheme as per the eligibility.

8.          

ROI

• Concessional Rate of Interest