|Financing to Entrepreneurs identified by ESP of BYST|
|Amount of Loan||Rs.1,00,000 to Rs.5,00,000 (inclusive of BYST fee)|
|Margin||Nil 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 fee||Rs. 250 + service tax.|
|Interest Rates||Please see the Interest Rate link on home page|
|Repayment||3 - 7 years (exclusive of holiday period) based on the cash flow generation by unit.|
|Security||Stocks/Fixed assets created out of composite loan amount. Collateral Security : Nil|
|Salient Features||Available 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|| |