|
Particular |
Scheme Name |
Modification Required |
||
|
New Addition |
Cent Start Up Suraksha Loan Scheme |
Scheme Name: Cent Start Up Suraksha Loan Scheme
Eligibility: Startup Entity working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of Employment generation.
Purpose: To provide financial assistance to Start-ups for their various business requirements as follows: a) Prototype creation, Product/App/Website development b) Purchase of Raw materials, machineries, equipment c) Licenses and Certifications d) Team hiring, recruitment of staff/training e) Legal & consulting services f) Marketing and sales g) Purchase/leasing of office spaces and/administrative expenses
Nature of Facility: Term Loan, Working capital [ Fund Based (FB) and Non-Fund Based (NFB)]
Quantum of Finance: Minimum- Above 10 lakhs. : Maximum -Rs-20.00 Crore. Tenure : 10 yrs. Moratorium : Up to 24 Months. Interest Rate: Attractive and Competitive Interest. i.e. 8.65% to 9.50%) Guarantee: Guarantee cover available up to 20 Crore under the Credit Guarantee Scheme for Startups (CGSS) formulated by the National Credit Guarantee Trustee Company Limited (NCGTCL). Collateral Security: Nil |
||
|
|
|
Margin: Ø Working Capital and Term loan: Minimum 25%.
|
||
|
|
|
Tenure of limits Term loan: · Overall Tenure: Up to 120 months (10 years) Working Capital Limits (Fund-Based): · Validity: 12 months, renewable annually
|
||
|
|
|
|
||
|
|
|
|