Beti Bachao Beti Padhao

Mahabank Scheme for units engaged in Hospitality

ParameterDetails

Eligibility

  • Existing/Prospective owners of Hotels, Restaurants, Fast Food Centers, Pizza Centers (Franchise), Caterers, Motels (Dhaba), Bakeries, Mess, Tour Operators, Water Sports, Amusement Parks, Floating Restaurants, House Boats etc.
  • Individuals, Proprietorship, Partnership Firm, LLP, & Corporates
  • The owner of the property invariably be taken as personal guarantor to the credit facilities.

Purpose

  • Purchase of land & construction/premises for running small hotel/restaurant. The finance for purchase of Land in project cost shall not exceed 25% of the total project cost.
    • Furniture & Fixtures
    • Kitchen Equipments
    • Interior Decoration
    • Purchase of Vehicles, Boats for activity purpose
    • Modernization of existing facilities
  • Working Capital

Nature of Facility

Term Loan, Working Capital

Quantum of
Finance

Term Loan: Min. Rs 0.10 crore; Max. of Rs 10.00 crore
Working Capital: Min. Rs 0.10 crore; Max. of Rs 2.00 crore
Total exposure including TL & WC should not exceed Rs 10.00 crore under the scheme

Margin

  • Micro & Small Enterprises: Minimum 20%
  • Medium Enterprise: Minimum 25%

Rate of
Interes

RLLR based 

  • Incentive by way of ROI reduction if collateral is provided.
  • CGTMSE cover available for loan upto Rs. 2 crore.

Fees & Charges

As per extant service charges guidelines

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