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Eligibility and Terms

Women Entrepreneurs consisting of all units managed by one or more women entrepreneurs in a Proprietary Concern or in which she /they Individually or jointly have a share of not less than 51% as Partners / Share Holders / Directors of Private Limited Company / Members of a Co-Operative Society.

Repayment :-

• Working Capital Limit – One Year
• Demand Loan – upto 35 EMI / MI.
• Term Loan – upto 84 EMI / MI.

Security :-

Primary Security : Hypothecation of stocks/ book debts/ equipment’s/ machineries/ fittings and furniture etc.,

Collateral Security : Non agriculture Self-owned Land / House Plot / Building properties valued not less than 100% of the limit sanctioned.

Interest and Fees

Interest :-

Click here to know the Rates of Interest for loans.

Fees & Charges :-

• Term Loans/ WCDL: 1.00% of the loan amount + GST.
• Cash credit / Overdraft (running account): 0.50% of the OD Limit + GST.
• For renewals: 0.25% of the Limit + GST.