Purpose
To enable women entrepreneurs to start various home businesses like that of tailoring, tution, beauty parlor, preparing tiffins etc, with a view to contribute to the family income.
Loan Amount
Maximum of Rs 2.00 lacs
Tenure
60 months, to be repaid in maximum of 60 months.
Margin
25%
Rate of interest
@ 14.00% p.a
Security
Hypothecation of equipment’s/assets financed by bank
Collateral
30% by way of Tangible Securities.
Guarantors
Two guarantors acceptable to the bank.
Processing Charges
0.50% of the loan amount.
Documents
A) Bank’s prescribed application form
B) D P note
C) Agreement for loan
D) Lien and set-off.
E) Guarantee agreement.
F) Hypothecation deed.
Other Conditions
a. Proforma invoice to be obtained
b. Bank statement for the last 6 months
c. Registration/Qualification Certificate
Sanctioning Authority
The Loan Committe
