Stand-Up India Scheme
|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 : RLLR based
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.