Target Group:
- Individuals engaged in activities (manufacturing and services) coming under definition of MSMED Act 2006.
- Availing working capital credit limits for past 3 years with satisfactory dealings.
Facility:
Working Capital Limit in the form of Cash Credit/Overdraft
Classification of Advance:
Micro Enterprises
Validity:
3 years
Quantum of Finance:
Rs.10 lac
Margin:
20%,
Rate of Interest:
BR+0.50%
Security:
No Collateral Security. Necessarily to covered under CGTMSE.
Guarantee Fee:
Borrower has to bear the guarantee fee.
Processing Charge:
NIL for Priority Sector