| Target Group
|
- Traders
- Businessmen
- Professionals with good track record
|
| Purpose |
- To meet investment needs like creation of fixed assets, expansion of unit, purchase of machinery etc., in MSME - Manufacturing, Services and Retail Trade sectors
|
| Type of Loan
|
|
| Quantum of Loan |
|
| Margin |
- Plant and Machinery – 25%
- Building construction – 30%
| Category |
Quantum of Loan |
Margin |
| Sishu |
Upto ₹50,000/- |
NIL |
| Kishore |
Above ₹50,000/- upto ₹5.00 lakh |
10% |
| Tarun |
Above ₹5.00 lakh upto ₹10.00 lakh |
15% |
|
| Schemes covered
|
- MUDRA
- PMSVANidhi
- Stand-Up India
- PMEGP
- UYEGP
- NEEDS
- PMFME
- TAHDCO and other Government sponsored schemes
|
| Rate of Interest
|
|
| Security |
- Primary security – Hypothecation of assets created out of loan.
- Collateral security - Immovable / other tangible security of at least 125% of the limit sanctioned
|
| Repayment Period
|
- Term Loan – Maximum upto 10 years
|
| Processing Charges
|
- 0.60% of the Limit sanctioned
|
| How to apply
|
- Please contact nearest Tamil Nadu Grama Bank’s Branch for more details
|
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