TMB STAND UP INDIA FINANCE

Eligibility and Terms

SC / ST and / or Women Entrepreneurs above 18 years of age.

Loans available only for green field project i.e., first time venture of the beneficiary in the manufacturing or services or trading sector.

In case of non individual enterprises, 51% of the shareholding and controlling stake should be held by either SC / ST and / or Women Entrepreneur.

Margin :

25% of the Project cost – In case of availing subsidies in convergence with central / subsidy schemes minimum promoter’s contribution should not below 10%

Repayment :

Working Capital in the form of OD / CC: 1 year

Term Loan / Composite Loan: Maximum 7 years excluding Holiday period (repayment holiday upto 18 months)

Security :

Primary:

Working Capital Limits: Stock & Receivables.

Term Loan : Assets acquired & created out of Loan.

Collateral :

Primary Security:

For loan amount of Rs.10 lakh – No security. Covered under the Guarantee of Credit Guarantee Scheme for Stand-up India Loans (CGSSI).

Credit limits of above Rs.10 lakh shall be secured by Collateral security in the form of land and building not less than 75% of loan amount or Guarantee of Credit Guarantee Scheme for Stand-up India Loans (CGSSI).

Note: No collateral shall be taken if loans covered under Credit Guarantee Scheme for Stand-up India Loans (CGSSI).