|Eligibility||Loan to midsized hotels / restaurants/bakeries/fast food outlets/motels/High way inns /kiosks /mess /canteens. |
Units in own premises/units in leased premises with un-expired lease covering the repayment period.
Units having valid license to conduct Hotel business/Catering from Municipal/Local Administration
|Amount of Loan||
Units in Urban Centres|
Rs.15 Lakhs (Term Loan Rs.10 lakhs & working capital Rs.5 lakhs)
Units in Metros Rs.25 lakhs, (TL Rs.15 lakhs and WC Rs.10 lakhs)
Units in Semi Urban Centre
Rs.5 lakhs (TL or WC)
|Interest Rates||Please see the Interest Rate link on home page|
|Repayment||Maximum period of 5 years inclusive of holiday period not exceeding 3 months |
|Security||Primary- Hypothecation of the assets created out of loan, |
Up to Rs.10 lakh- Nil subject to coverage under CGTMSE Scheme.
Above Rs.10 lakh- EM of immovable property (premises of Hotel / Catering Unit) equivalent to 100% of the loan amount.
In case third party properties are offered, guarantee of the third party shall also be obtained.
|Salient Features||Renovation of the premises, installation of /replacing AC/Air cooler system, freezers, Purchase of delivery vehicles etc.|
For taking up “franchise selling” of branded eatables.
For purchase of installation of water purifier system , for provision of musical system /musical instruments in the hotel premises, for setting up of Bar/Restaurants