| Loan to Women
1. Oriented Mahila Vikas Yojana
Purpose: To meet Credit needs of Women Entrepreneur.
Eligibility: Women Entrepreneurs enterprise consisting of all units managed by one or more in proprietary concerns or in which she/they individually or jointly have a share capital of not less than 51% as partners/ shareholders/ directors of a private ltd. company/members of a co-operative society.
Amount of Loan: Need Based
Security:
No collateral security upto Rs.10 lacs and in case of SSI no collateral security required up to Rs.25 lacs.
Only Hypothecation of Assets created out of Banks finance be taken as security.
Margin:
| SSI |
Other than SSI |
| Upto Rs. 2 lacs at PLR |
Upto 25000 - NIL |
| Above Rs. 2 lac & up to Rs. 10 lacs at PLR +1.5% |
Above 25000 - 15% |
| Above Rs. 10 lacs at PLR +2.5% |
To 25% |
| As applicable under SSI Segment. |
Depending upon the quantum & purpose of loan. |
Repayment: Maximum upto 7 Years
2. Scheme for Professional & self Employed Women
Purpose: Purchase of Fixed Assets(Term Loan) and for meeting Working Capital needs.
Eligibility: Professional & Self-employed Women
Amount of Loan: Maximum Total limit Rs.5.00 lacs including Working Capital limit of Rs.1.00 lacs
Security: Charge over the Assets purchased out of Banks finance.
Margin:
Upto Rs.25000/- - NIL and above Rs.25000/- to 5.00 lacs - 15%
Repayment: Term Loan 5-7 years (EMI) and
Cash Credit to be reviewed / renewed as per Bank’s system in vogue.
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