To finance for innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation as per Start-up India Scheme.
Nature of Facility
Term Loan and / or Working capital (Fund Based and Non-Fund Based)
Minimum: Rs.0.10 Crore
Maximum: Rs.10.00 Crore
20% (Working capital as well as Term Loan)
Primary: All tangible assets created out of Bank’s finance shall be charged in favor of Bank by way of hypothecation / mortgage etc.
Collateral: May not be insisted up on. The eligible accounts are to be covered under Credit Guarantee Scheme for Start ups
Under Hybrid Model, collateral can be accepted.
Working Capital: 12 months subject to renewal as per extant guidelines. (The Working capital limit may be kept in abeyance pending completion of project or earlier as the case may be.)
Term Loan: Maximum Door to Door repayment shall be 10 years including moratorium period not exceeding 36 months. Repayment can be in monthly / quarterly installments. Interest shall be recovered separately.
• For more details , Please contact our nearest branch.
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