3. Scheme for Beauty Parlor/ Boutiques/ Saloons/Tailoring
Purpose: Purchase of Fixed Assets(Term Loan) and for meeting Working Capital needs
Eligibility:
1. Proprietary concern of Women.
2. Partnership firms/Companies where majority of shares are held by Women.
Amount of Loan: Max. Total limit Rs.10 lacs including Working Capital Rs.5.00 lacs
Security: Charge over the Assets purchased out of Banks finance.
Margin:
Upto Rs.25000/- - NIL
Above Rs.25000/- upto Rs.2.00 lacs - 15%
Above Rs.2.00 lacs upto Rs.10.00 lacs - 25%
Process Fee: 0.50% of loan amount with minimum of Rs. 500/-.
Repayment :
Term Loan 5-7 years (EMI)
Cash Credit to be reviewed/ renewed as per system in-vogue.
4. Scheme for Financing Working Women
Purpose: To meet House hold, Medical expenses or any other such needs for the Women working in Central/State Govt./ PSUs/ Autonomous bodies/ Schools/ Colleges and other institutions and well established companies.
Eligibility: Working Women (Permanent Employees with Min. 5 years Service and 5 years remaining service)
Amount of Loan: Maximum up to Rs.2 lac
Security: Third party Guarantee preferably of Fellow Employee
Margin: NIL
Repayment: Maximum 5 years (EMI)
Source: https://www.obcindia.co.in |
