Cent- Kalyani
OBJECTIVE:
To encourage Women Entrepreneurs to start new project or expand / modernise the existing unit.
TARGET GROUP:
New as well as Existing Women entrepreneurs for her Micro / Small enterprise ( as defined under MSME Act- 2006) .i.e engaged in manufacturing and service activity for eg. Handloom weaving Handicraft, Food-Processing, Garment making etc. etc. Professionals & Self employed women – Doctors, Chartered Accountants, and Engineers or trained in Art or Craft etc. Health /Beauty clinics/Dieticians/Fashion Designing Beauty Parlors .Small Business-Small lunch/canteen, mobile restaurant, circulating library/ tailoring /Day Creaches for children ,Tailoring, Typing / STD/ Zerox booth etc.Transport Operators- Three wheeler /Four wheeler .
- PURPOSE: To meet capital expenditure ( Plant & Machinery /Equipments etc). & To meet day to day expenditure
- NATURE OF FACILITY: Term Loan Fund Based Working capital Facility – Overdraft/ Cash Credit Non Fund Based Working Capital – Letter of Credit /Letter Of Guarantee etc
- QUANTUM OF FINANCE: Maximum Rs. 100 Lacs .
- MARGIN: 20%
- RATE OF INTEREST: Concession in Rate of interest – Loan up to Rs. 10 Lacs – MCLR + 0.25% Loan above Rs. 10 Lacs and up to Rs.100 Lacs – MCLR + 0.50% Additional Interest concession of 0.25% if account is rated by external agency.
- PRIMARY SECURITY: Charge on stock/Receivables/ Plant & Machinery,Equipments and all other unencumbered assets acquired for business .
- PRIMARY SECURITY: Charge on stock/Receivables/ Plant & Machinery , Equipments and all other unencumbered assets acquired for business .
- COLLATERAL SECURITY: No Collateral Security as Advance is covered by Guarantee cover of CGTMSE
- THIRD PARTY GUARANTEE: No Third party Guarantee necessary as advance is covered by Guarantee Cover of CGTMSE
- CGTMSE COVERAGE: Guarantee cover of CGTMSE .( CGTMSE Fee for the first year to be paid by the bank)
- PROCESSING FEE: NIL
- INSURANCE: Comprehensive insurance of Stock ,Machinery equipments etc with Bank clause.
Eligibility Criteria
- Target Group-New as well as Existing Women entrepreneurs for her Micro / Small enterprise ( as defined under MSME Act- 2006) .i.e engaged in manufacturing and service activity for eg.
- Handloom weaving Handicraft, Food-Processing, Garment making etc. etc.
- Professionals & Self employed women – Doctors, Chartered Accountants, and Engineers or trained in Art or Craft etc.
- Health /Beauty clinics/Dieticians/Fashion Designing Beauty Parlors .
- Small Business-Small lunch/canteen, mobile restaurant, circulating library/ tailoring /Day Creaches for children ,Tailoring, Typing / STD/ Zerox booth etc.
- Transport Operators- Three wheeler /Four wheeler . (Retail Trade/ Education and training Institute/ Self Help Group not eligible)
Benefits
- The scheme aim is to encourage Women Entrepreneurs to start new project or expand / modernise the existing unit.
- New as well as Existing Women entrepreneurs for her Micro / Small enterprise .i.e engaged in manufacturing and service activity for eg.
- Handloom weaving Handicraft, Professionals & Self employed women – Doctors, Chartered Accountants, and Engineers or trained in Art or Craft etc.
How to Apply
- Obtain the Cent Kalyani Application from the official website of Central Bank of India.
- From the home page of Central Bank of India, Click on the application forms.
- Select the application forms according to the loan type.
- You can download word pdf format of application.
- Provide all details in the hard copy of the application.
- Submit the application along with all documents to the concerned branch of Central Bank of India.
- On successful verification, the loan will be credited to the entrepreneur’s account.