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Financing to Entrepreneurs identified by ESP of BYST
Amount of LoanRs.1,00,000 to Rs.5,00,000 (inclusive of BYST fee)
MarginNil upto Rs.25,000. 25% above Rs.25000/-. However on case to case basis the margin may be reduced tup to 15% based on merit.
Processing feeRs. 250 + service tax.
Interest RatesPlease see the Interest Rate link on home page
Repayment3 - 7 years (exclusive of holiday period) based on the cash flow generation by unit.
SecurityStocks/Fixed assets created out of composite loan amount. Collateral Security : Nil
Salient FeaturesAvailable only in Chennai, Hyderabad and Kancheepuram
Other Requirements/Details* Moratorium : Up to 6 months.
* To be covered under CGTSI compulsorily. Recovery of CGTSI premium as per Bank norms.
* Cost to BYST towards evaluation, selection and mentoring Business Mentoring by BYST mentors for first twenty four months to be integral part of the project.
* Upfront compulsory mentoring charge to BYST for the first twelve months shall be 3% of sanctioned amunt or Rs.5000/= whichever is higher subject to a maximum of Rs.10000/= recovered and remitted to BYST then and there at the time of disbursement of the loan
* BPLR and BASE RATE - Available in Home Page 

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