Stree Shakthi package for Women entrepreneurs
Women Entrepreneurs comprise those Small Scale Units managed by one or more women entrepreneurs who have stake not less than 51% of the equity.
The entrepreneurs who have undergone EDP conducted by State level Agencies or programmes co-sponsored/sponsored by Bank are eligible for financial assistance
Concession in Margin :
Retail Traders
|
CategoryLimit Slab in Rs.
|
Margin concession
|
| Over Rs. 5000/- upto Rs. 25000/- |
NIL
|
| Over Rs. 25000/- upto Rs. 1.00 lac |
5%
|
Business Enterprises
|
Category Limit Slab in Rs.
|
Margin concession
|
| upto Rs. 25000/- |
NIL
|
| Over Rs. 25000/- upto Rs. 1.00 lac |
5%
|
Professionals & Self-employed women
|
Category Limit Slab in Rs.
|
Margin concession
|
| upto Rs. 25000/- |
NIL
|
| Over Rs. 25000/- |
5%
|
SSI
|
Category Limit Slab in Rs.
|
Margin concession
|
| upto Rs. 25000/- |
NIL
|
| Above Rs. 25000/- |
5%
|
Interest concessions
- No interest concession in respect of SSI units enjoying credit limits over Rs.25000/- but up to Rs.2 lacs
- Above Rs.2 lacs and up to Rs.50 lacs, interest rate lower by 0.50% than the applicable rate
- For Small Business enterprises under the scheme, interest rate lower by 0.50% than the applicable rate
- For advances to professionals and self employed persons interest rate lower by 0.50% than the applicable rate
- No interest concession to advances granted to private retail traders
MyBank Sanchari Suvidha- Finance to Hotels, Restaurants and Lodges
Eligibility
Individuals/ Partnership/ Company
Purpose
For establishment / Extension / Alteration / Renovation of Hotels, Restaurants and lodges. The loans for construction will be considered, provided the land is in the name of proprietor / partners / company
- Furnishing/Flooring/Tiling/Painting
- Wood work/Interior decoration/Sanitary work
- Air conditioning/Air cooling equipment
- Purchase of fittings, generator, furniture, fixtures and curtains
- Purchase of electrical gadgets and utensils, TV, water coolers, geysers etc.,
Extent of Finance
Need based, with a maximum of Rs.20 lacs
Type of Loan
Composite Term Loan
Repayment Period
5 to 7 years, including moratorium period of 6 months
Interest Rate
As per prevailing rates
Margin
33% for construction, interior decoration, wood work
Other purpose – 25%
Primary Security
Hypothecation of assets such as furniture, fixtures and other equipments created out of Bank Finance
Collateral Security
Equitable Mortgage of immovable property. The value of such Collaterals offered should be 1.5 times the loan amount
The scheme is initially implemented in few selected Branches
Annapurna- Scheme for financing Women for establishing Food Catering Units
Eligibility
Women (both individual and Partnership firms)
Purpose
For establishing food Catering Unit for selling tiffin/food/lunch packs etc.,
Extent of Finance
Maximum loan of Rs.50000/-
Type of loan
Composite Term Loan (Working Capital portion will be within 50% of CTL)
Purpose of loan
Term Loan component can be used for purchase of utensils and cutlery, gas connection, Refrigerator, Mixer cum Grinder, Hot case, Utensil stand, Tiffin boxes, Working table, Water filter etc
Repayment
Upto 36 monthly instalments including one month moratorium period.
Margin
10%
Rate of Interest
As per prevailing rates
Security
Hypothecation of assets created out of Bank Loan
Guarantee
One guarantor (with sufficient means) acceptable to the Bank
Chief Manager
State Bank of Mysore
Small and Medium Enterprises Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.377
Fax: 91 80 22353458
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
