Scheme to cater to the business needs of Transport Operators i.e. Individuals / Firms / Companies / Associations having Udyam Registration Certificate for the purpose of owning new Transport Vehicle(s) for carrying passengers / goods on hire.
Facility: Term Loan.
Loan Amount: Maximum Rs.5.00 Crore
Margin: 15%.
Tenor for Term Loan: Maximum 84 months including moratorium of 6 months.
Security: Hypothecation of the vehicle financed. To be covered under CGTMSE guarantee coverage. If borrower of his own volition offers collateral security, then the realizable value of the collateral security should be 125% of the loan amount.