To encourage the women entrepreneurs to avail the loans on liberal terms and exclusive catering of credit under Direct agriculture activities, Tiny SSI sector, Business enterprises, Retail traders, Professional and Self employed etc.
Women enterprises consisting of all units managed by one or more women entrepreneurs in proprietary concern or in which she/they individually or jointly have a share capital of not less than 51% as partners/share holders /directors of private limited company/members of co-operative society.
Quantum of loan/limit
Loan/limit would be assessed on case to case basis and depending upon the purpose of loanx
upto Rs.25,000/- --- No margin
Upto Rs.25, 000/- No collateral security only hypothecation of assets created out of the bank funds be taken as a security.
Above Rs. 25,000/-
- Pledge of/Hypo. of assets created out of bank loan
- Guarantee of spouse or third party
- Collateral security in the form of land/building property atleast double the value of loan (including the value of assets in case of term loan)
If the MSEs cases are covered under Credit Guarantee Fund Scheme for Small Industries, No collateral Security is required for loan/limits upto Rs. 25 lacs.
Purpose of loan
Loan limit may be given for any productive purpose by way of term loans or working capital
Rate of Interest
As per rate applicable to MSME
Processing Fee/ Upfront fee