Target Group
Existing / prospective Owners of Brick Kilns
Eligibility
Individuals/ Proprietorship /partnership firms/ corporate
Type of facilities
Term Loan and Working Capital
Quantum of Finance
Depending upon project cost subject to max. Rs 50 lac
Rate of Interest
As applicable to MSE units
Security
- Primary - Hypothecation/Pledge of the assets financed by the Bank.
- Collateral - Personal guarantees of proprietors/partners/promoters, Additional tangible security such as immovable property, bank deposits, etc.
No collateral / third party guarantee required if covered under CGTMSE. However, collateral upto 100% and third party guarantee required if not covered under CGTMSE.
The activity is eligible for availing subsidy under Credit Linked Capital Subsidy Scheme (CLCSS)
