V Swashakti

                                           V- SWASHAKTI

1

Purpose

Financial assistance to Women Entrepreneurs for economic pursuits in Small Business, Professional or Self Employed and Retail Trade through Credit facilities

2

Eligibility

  • Women above 18 years
  • Only Resident individuals
  • Loans can be availed by women for both proprietary/partnership firms
  • If the business is on partnership basis, the contribution of the women should be more than 51%

3

Nature of facility

Working Capital & Term loan

4

Quantum of Loan minimum/maximum.

Maximum Rs.5.00 lakhs

5

Margin

  • Upto   Rs.25000/-    :  Nil
  • Above Rs.25000/-     : 15%

6

Rate of interest

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7

Guarantor

Personal guarantee of partners.

8

Security

Hypothecation of assets created out of Bank finance. Collateral free/no third party guarantee. To be covered under CGTMSE.

9

Processing fees/other charges

Nil

10

Repayment

  • Term loan          :Maximum 5 years
  • Working capital :18 months/ subject to annual review

11

Application with checklist

 

Click Here to Download the Application Form/Check List

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