To provide financial assistance to women entrepreneurs for taking up business ventures. Existing business ventures will also be eligible under the scheme for expansion, modernization and diversification.
Target Group: Skilled women entrepreneurs in the age group of 18 - 50 years.
Eligibility: The applicant has be a women engaged in any viable income generating activity including small business trade etc.
Nature of Assistance: Term Loan
Project cost (including working capital) : Should not exceed Rs. 15 lakhs
Extent of Assistance: Maximum 75% of the project cost as Term Loan.
Promoter’s Contribution : Minimum of 25% of the Project Cost.
Upfront Fee : 1% of the Term Loan portion of the assistance.
(a) First charge on fixed assets of the unit.
(b) Hypothecation of current assets of the unit.
(c) Personal Guarantee of the Promoter (s)
(d) Additional security as per availability.
Rate of Interest : 8%
Repayment : Between 3 -7 years.
Documentation: As per standard procedure of the Corporation.