| Eligibility |
All individuals, groups
of individuals, and corporate entrepreneurs who have experience
in the line of activity |
| Margin |
No margin up to Rs.10, 000
15% to 25% above Rs.10, 000 |
| Security |
Term loan
Where movable assets are created:
Up to Rs.25000: Hypothecation of assets
Over Rs.25000: Hypothecation of assets and mortgage or declaratory
charge over farm lands or 3rd party guarantee.
Where movable assets are not created:
Up to Rs.10000: DP Note, DP Note delivery letter
Over Rs.10000: Mortgage of farmlands or 3rd party guarantee |
| Disbursement |
In Instalments according to the progress
of work and amount payable direct to suppliers wherever
moveable assets are financed |
| Repayment |
Minimum of 3 years with a maximum repayment
period of 15 years including the gestation period depending
on the type of schemes and in line with NABARD norms |
| Insurance |
Waived up to Rs.10, 000 |
