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Stand up India Scheme

  • Finance
    Nature of facility

    Composite Loan.

    Loan Amount
    • Above Rs10.00 lakh to Rs1.00 crore .
    • 75% of project cost.

    The stipulation of loan being expected to cover 75% of project cost would not apply if the borrower’s contribution along with convergence support from any other scheme exceeds 25% of the project cost

    Credit Guarantee / Collateral

    The scheme for Credit Guarantee for loans under Stand Up India has been notified (www.ncgtc.in).

    Moratorium

    Upto 18 Months

  • Security and Margin
    Primary Security

    Hypo of Stocks and book debts.

    Margin

    25% (may be provided in convergence with eligible Central/State schemes).
    Note: Borrower shall be required to bring in minimum of 10% of project cost.

  • Rate of Interest and Repayment
    ROI

    As per guidelines of the Bank in vogue applicable to MSME advances linked to rating. However, Rate of Interest should not exceed Base Rate/MCLR + 3% + Tenor Premium.

    Repayment

    Maximum 7 Years

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The loan shall be granted as per Bank’s guidelines/schemes applicable for such type of advances circulated from time to time. Other parameters, which are not mentioned in “Stand Up India” scheme such as rate of interest, charges, fees, security etc. shall be as per guidelines/scheme in vogue. However, Rate of Interest should not exceed Base Rate/MCLR + 3% + Tenor Premium.

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