SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING

BY WOMEN
PARTICULARS
Propose
To develop entrepreneur-ship among women and also to ensure the
easy, timely and convenient access to women to institutional credit.
Nature of facility

Term loan
For the purchase of tools/equipment/furniture & fixture, shop etc.

Working capital
Applicants
Eligibility
Loan Amount
Margin

Rate of interest

Process/upfront fee
Security

For running day to day expenses of business

1. Proprietary concerns of women
2. Partnership firms, where majority partners are women
3. Companies, where majority of promoters shares are held by women
Upto 10 lacs
Out of which WC not to exceed Rs.5.00 lac
Loan upto Rs.25,000/Nil
Above Rs.25,000/- & upto Rs.2.00 lac
15%
Above Rs. 2.00 Lac & up to Rs. 10.00 Lacs
25%
In case of purchase of shop the margin will be 25% irrespective of loan limit.
Loan Limit
Service sector
BR +1.75%
Loan upto Rs.50000
BR +2.50%
Loan above Rs.50000 & upto Rs. 2.00 Lacs
BR +2.75%
Above Rs. 2.00 Lac & up to Rs. 10.00 Lacs
0.50% of the loan amount with a minimum of Rs.500/
Primary

Charge over the assets (movable & immovable) purchased out of Banks
finance.
Collateral
Guarantee
Coverage under
CGTMSE

Repayment

Up to Rs. 2.00 lacs NIL

Above Rs.2.00 lacs- Tangible collateral security up to 100% of loan value.
The option of guarantee coverage CGTMSE scheme may be offered to the borrower in
case he is unable to provide the above said collateral securities for his above said loan
facilities.
The Guarantee coverage under CGTMSE will be available as per the terms, eligibility
criteria and guarantee fee defined under the scheme, as are communicated time to time.
(Latest reference Circular No:HO:RDRPSC:126:2008-09:720 dated 04.01.2010)
In case of Term Loan, the repayment period is 5 to 7 years with maximum moratorium of
3 to 6 months depending on the Cash flow / project viability report. However, working
capital shall be reviewed / revised as per banks system in vogue.