Eligibility Criteria:
- Individuals (Women).
- Firm/Company where at least 51% of the shareholding and controlling stake is held by Woman entrepreneur.
- Women Self Help Group.
Purpose:
- For meeting credit requirement for any income generating activity.
Maximum Amount:
- Working Capital: Maximum up to ₹2 lakh.
- TL/DPN: Maximum up to ₹10 lakh (including the working Capital limit under the scheme and the overall exposure under MSE should not exceed ₹10 lakh per borrower).
Maximum period of Loan:
- OD : 12 months.
- DPN : Up to 34 months.
- TL : Up to 120 months
Security:
- Hypothecation of assets created with Bank finance.
- CGTMSE coverage wherever permissible.
Repayment:
- OD : As per OD rules.
- DPN/TL: In EMI OR, in equal monthly installments + Interest as & when debited.
Margin:
- 15% - 30%.
Rate of Interest:
As per MCLR guidelines
The above information is subject to terms and conditions.For more details, please contact the nearest Branch
