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.

For running day to day expenses of business Working capital

Applicants Eligibility

1. Proprietary concerns of women 2. Partnership firms, where majority partners are women 3. Companies, where majority of promoters shares are held by women

Loan Amount Upto 10 lacs Out of which WC not to exceed Rs.5.00 lac

Margin 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. Rate of interest Loan Limit Service sector

Loan upto Rs.50000 BR +1.75% Loan above Rs.50000 & upto Rs. 2.00 Lacs BR +2.50% Above Rs. 2.00 Lac & up to Rs. 10.00 Lacs BR +2.75%

Process/upfront fee 0.50% of the loan amount with a minimum of Rs.500/ Security Primary

Charge over the assets (movable & immovable) purchased out of Banks finance.

Up to Rs. 2.00 lacs NIL Collateral

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.

Guarantee Coverage under CGTMSE

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)

Repayment 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.