- SC/ST and/or woman entrepreneurs, above 18 years of age.
- Loans under the scheme is available for only green field project. Green field signifies, in this context, the 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.
- Borrower should not be in default to any bank/financial institution.
|Nature of Loan
|Composite loan (inclusive of term loan and working capital) between Rs10 lakh and up to Rs100 lakh.
||For loan of Rs 10.00 lakh : @ MCLR
For loans above Rs 10.00 lakh up to Rs 100.00 lakh : As per Risk Based pricing for Micro & Small enterprises.
||Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL).
||The loan is repayable in ‘seven’ years with a maximum moratorium period of 18 months.
||Need based working capital be sanctioned by way of Cash Credit limit. Rupay Debit Card is to be issued for convenience of the borrower.
||The Scheme envisages 25% margin money which can be provided in convergence with eligible Central / State schemes.