Target Group
All Micro units (Manufacturing and service sector – Priority Sector – existing units (with good track record) as well as fresh units (with satisfactory promoters’ track record, satisfactory experience of the promoter in the field and viable project).
Purpose
Term loan requirement plus working capital -as composite loan.
Nature of Facility
Composite loan
Loan Amount
Maximum exposure – Rs 20.00 lacs
Security
- Assets created out of the loan.
- CGTMSE cover to be taken – Mandatory
Repayment
60 EMIs after a holiday period of 6 months.
Credits – Indian Bank