PMMY-MUDRA-Tarun Plus
PMMY-MUDRA-Tarun Plus
| S. No. | Parameters | Product Features |
| 1. | Eligibility | The entrepreneurs who have availed and successfully repaid previous loans under Tarun Category (Mudra loans above Rs 5 lakhs to Rs 10 lakhs) from time to time to be complied. |
| 2. | Nature of Facility | Fund Based: Term Loan / Working Capital (Need based composite loan based on requirement) |
| 3. | Loan Amount | Minimum: Above Rs 10.00 Lakhs
Maximum: Rs 20.00 Lakh |
| 4. | Margin
(Promoter’s Contribution) |
Working Capital: 20% on Stocks & Book Debts
Term Loan: 20% on Asset/Machinery to be purchased |
| 5. | Assessment | Working Capital: Limit to be assessed in turnover method as per Credit Policy. Realistic projections to be considered.
Term Loan: Total Cost of machinery to be purchased Less Margin subject to compliance of DSCR |
| 6. | Security | · Primary Security: Hypothecation of assets created out of the loan proceeds and the assets which are directly associated with the business/project.
· Collateral Security: Nil · Loan to be mandatorily covered under CGTMSE /CGFMU and premium to be borne by the borrower |
| 7. | Rate of Interest | Repo (6.50) + Prime Spread (2.70) + Other Spread (2.65) =
11.85% at present |
| 8. | Repayment Period | · Term loan to be repaid in maximum period of 60 Months
· Working capital limit must be renewed on annual basis subject to norms and satisfactory performance/conduct of account. |
| 9. | Documentation | D-7, D-36, D101 for Term Loans and DPN, D-3, D-105 for Working Capital, along with any other applicable documents as specified in documentation manual & other constitution based documents. |
| 10. | Sanctioning Authority |
As per Discretionary Power Booklet |
| 11. | Upfront fees /
Processing charges |
Processing charges, Documentation charges and Other charges as per service charges circular. |
| 12. | Other Conditions | · Due diligence of the suppliers to be ensured.
· Amount should be remitted directly to the dealers / suppliers by means of DD / NEFT / RTGS in case of term loans. · Units should obtain necessary approvals from the statutory/ regulatory authorities. · All securities should be adequately insured with Bank Clause – Premium to be borne by the borrower. · Promoters’ contribution should be brought up front proportionately. · Loan to be mandatorily covered under CGTMSE /CGFMU and premium to be borne by the borrower. · Charges to be registered with ROC/other authorities wherever applicable as per extant guidelines. · Compliance to KYC/ AML and other guidelines to be ensured. · All Credit Policy guidelines to be complied. Any modifications in the credit policy from time to time will form integral part of the scheme |
( Last modified on Dec 17, 2024 at 02:12:32 PM )
