Cent Leather

1.	Title	Cent Leather
2.	Purpose	To provide finance to MSME borrowers (as defined under MSMED Act 2006) engaged in/proposed to engage in Manufacturing/Trading of Leather, Leather products, Manufacturing/Trading of Footwear/Footwear products and other related activities.
3.	Eligibility	Individuals/ Proprietary Concerns, Partnership Firms (other than Partnership Firms where HUF is a Partner)/ Company / Traders/ LLPs/Traders. MSMEs should be registered in UDYAM portal and
4.	Nature of Facility	a. Working Capital (Both Fund Based and Non-Fund Based). b. Term Loan.
5.	Loan Quantum	Minimum: Rs. 11 Lakh Maximum: Rs. 20.00 Crores In case of Traders: Minimum Rs. 11.00 Lakh Maximum Cap of Rs.10.00 Crore.
6.	Margin	25% margin on WC(CC/OD) & TL
7.	Interest Rate	Attractive Rate of Interest
8.	Security	Primary Security: - Assets created out of bank finance. Collateral Security: SARFAESI compliant immovable property with realisable value of at least 50% (RVS) of loan amount. CGTMSE Coverage Up to Rs. 5.00 Crore – CGTMSE shall be extended loan up to Rs. 5.00 Crore Above 5 Crore and up to Rs. 10.00 Crore subject to Scheme Guidelines: Hybrid Model is allowed.