- Working Capital Requirement / Financing Capital Expenditure
- All entrepreneurs i.e. Individuals above 18 years of age/ Proprietary Concern/Partnership Firm/Private Ltd. Company/Public Company/ Any other legal firms.
- Activities allied to Agriculture, e.g. Pisciculture, beekeeping, poultry, livestock, rearing grading, sorting, aggregation agro industries, dairy, fishery, agriculture and agribusiness centres, food & Agro processing etc. (excluding crop loans, land improvement such as canals, irrigation wells).
- Loans under the scheme are available for aspiring as well as for enhancement by established businesses.
- Note: - The Overdraft amount of Rs. 10,000/- sanctioned under PMJDY may also be classified as MUDRA loans under PMMY.
Limit
- Shishu: Up to Rs. 50,000/-
- Kishor: Above Rs. 50,000/- to Rs. 5,00,000/-
- Tarun: Above Rs. 5,00,000/- to Rs. 10,00,000/-
- Tarun Plus: Above Rs. 10,00,000/- and up to Rs. 20,00,000/- (Existing Tarun customer of our Bank/other Bank who has successfully repaid Tarun Loans under Pradhan Mantri Mudra Yojana. Other eligibility criteria remain as per Tarun Loans under Pradhan Mantri Mudra Yojana)
Margin
- Shishu (Up to Rs. 50000/-): NIL
- Kishore (Above Rs. 50,000/- up to Rs. 5.00 Lakh) & Tarun & Tarun Plus (Above Rs. 5.00 Lakh up to Rs. 20.00 Lakh)
| Facility | Particulars | Margin (%) |
|---|---|---|
| Term Loan | Land & Building | 30 |
| Plant and Machinery | 25 | |
| Working Capital | Stock and Receivable | 25 |
Period
- For Working Capital: -12- months, subject to review every year
- For Term/Demand Loan: Maximum -84- months, including -12- months of moratorium period
Security
- Hypothecation of assets (goods, plant & machinery, stock, fixed assets etc.) created out of our Bank's Finance.
- Mortgage of work shed / property / plot associated with the project for which bank loan is obtained (wherever title deed is available).
- For Agri Allied Activity:
- o For loans up to Rs. 2.00 Lakhs: No collateral security to be obtained.
- o For loans above Rs. 2.00 Lakhs: Lien on agriculture Land.
- For Non-Farm Activity:
- o No Collateral Security / Third party guarantee to be stipulated or obtained.
- o Hence, Only the assets created out of the loan extended to the borrower and the assets which are directly associated with the business/project for which credit has been extended.
- o All eligible accounts to be covered under CGFMU / CGTMSE.
Insurance
- Comprehensive Insurance of Plant & Machinery, Equipment, Vehicle, furniture & fixtures & Goods covering stocks. Mortgage property and others movables. Bank's name should be included as a financer.
Credit Information Report
- Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt. of India or Reserve Bank of India without any notice to the borrower.
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