GOVERNMENT SUBSIDIES AND INCENTIVES
- Nature of Facility : Working Capital and Term Loan
- Purpose : Business purpose, capacity expansion, modernization
- Target Group : Business Enterprises in Manufacturing, Trading and Services sector including allied agricultural activities.
- Quantum of loan (Min/Max)
- Maximum loan amount : Upto Rs 10 lacs
- Loans upto Rs.50,000 are categorised as SHISHU
- Loans from Rs.50,001 to Rs.500,000 are categorised as KISHORE
- Loans from Rs.500,001/- to Rs.10,00,000/- are categorised as TARUN
- Margin (%)
- Upto Rs. 50,000/- Nil
- 50,001 to Rs. 10 lacs: 10%
- Pricing : Competitive Pricing Linked to MCLR
- Repayment Period
- WC/TL: in 3 – 5 yrs including a moratorium of upto 6 months depending on the activity/ income generation.
- Review of WC/TL to be done annually.
- Processing Fee/Upfront Fee
- Nil for Shishu and Kishore to MSE Units
- For Tarun: 0.50%(plus applicable tax) of Loan amount
https://msme.gov.in/sites/default/files/FlipbookEnglishSchemeBooklet.pdf
https://msmeonline.tn.gov.in/incentives/know_your_eligibility.php
https://www.bankbazaar.com/business-loan/small-business-loans.html
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dhana@1successconsultancy.com
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