Purpose

To meet gap in equity

Eligible Borrowers

Women entrepreneurs for setting up new projects in tiny / small scale sector and rehabilitation of viable sick SSI units. Existing tiny and small scale industrial units & service enterprises [tiny enterprises would include all industrial units and service industries (except Road Transport Operators) satisfying the investment ceiling prescribed for tiny enterprises] undertaking expansion, modernisation technology upgradation & diversification can also be considered.

Norms

Scheme operated through SFCs / twin function SIDCs / Scheduled Commercial Banks / Select Urban Co-operative Banks

Cost of Project - Not to exceed Rs.1 million

Soft Loan limit - 25% of cost of Project subject to a maximum of Rs.2,50,000 per project.

Service charges - 1% p.a. on soft loan