Cent CA/CS/CMA Scheme

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MSME Schemes:

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Cent CA/CS/CMA Scheme

Scheme Name: Cent CA/CS/CMA Scheme

Purpose:

To acquired ready build office premises (partially and fully constructed)
To purchase furniture & fixture, fittings and office equipment, computers. Books and other accessories, etc.
To meet the Working Capital Requirement (Assessment on the basis of annual income/cash flow)

Eligibility: All types of CA Professionals, CS, CMA i.e. Individuals, Proprietor Firms, Partnership Firms registered with ICAI/ICSI/ICMAI, Public, Pvt limited Companies, One Person Companies, LLPS, etc who are having URC (except HUFs, Trusts)

Facility: Term Loan / Overdraft

Quantum of Finance:

Minimum – Rs. 5.00 lakh
Maximum – Rs. 50.00 lakh ( With CGTMSE Cover )
Maximum – Rs 200.00 lakh (With 100% Collateral Security in the form immovable property )

RATE OF INTEREST: Attractive rate of interest based on RBLR

Loan Term: 144 Months for TL (Including Moratorium),12 Months for OD.

Security:

If borrower offers collateral security the same should be at least 100% of the limit. In that case CGTMSE guarantee not required
Limit shall be covered under CGTMSE and the fees shall be borne by the borrower
In case of term loan - Hypothecation of the assets created out of bank finance