To extend financial assistance to technically qualified and experienced entrepreneurs for setting up of Micro and Small Enterprises including service sector.
i. Qualification & Experience:
b. Diploma in the above categories with 6 years experience
ii. CIBIL score of Promoters should be 650 and above.
iii. New units as well as existing units which are in existence for
less than 5 years (from the date of establishment).
|Amount of assistance||Rs.50 lakhs to Rs.300 Lakhs|
|Promoter’s Contribution/ DER||25%/3.00:1.00|
Maximum of 7 years including moratorium period of 1 year.
|Collateral Security||Stipulated based on risk profile of the project|