| 1. |
ELIGIBILITY |
All Existing/New Business enterprises including:
- Individual Borrower’s/ Professionals/ MSMEs
- Education Institutions
- Hospitals/Nursing Homes
- Hotels
- Traders
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| 2. |
PURPOSE |
- To provide hassle free credit for working capital requirement
- To augment long term margin
- For Purchase/ Construction/ Renovation of Business Premise/ Office/ Godown/ Shop/ Unit/ Expansion of business etc.
- For acquiring/ creation of fixed assets needed for business purpose
- To tide over temporary liquidity mismatch
To repay high-cost debts (i.e. Business Loans of other Banks/FIs) |
| 3. |
EXTENT OF LIMIT/ LOAN |
Need Based Credit |
| 4. |
SECURITY |
- Primary – Hypothecation of assets created out of Bank loan.
- Collateral – As per Bank’s extant guidelines
- Coverage under CGTMSE is applicable.
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| 5. |
RATE OF INTEREST* |
Starting from 9.75% p.a (linked to Repo Rate, subject to change from time to time) |
|
*Subject to change from time to time
For more information or any query related to the scheme, kindly visit your nearest PGB branch.
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