Women Loan Scheme
Name of the Scheme :–
Rajarshi Shahu Mahila Udyami Loan |
Eligibility :–
All women owned & managed MSME (having valid udyam registration number)
In case of partnership / company , women must have own minimum share capital of 51%
Women self-help group (SHG) having valid udyam registration certificate
Scop :–
The Scheme is available for Individuals Women’s only. |
Proof of Income :–
Proof of Income source 3 years Income Tax Return /Computation of Income / Self Declaration, with Saving / Current account statement for last one year. For the existing enterprises
Purpose of the Scheme :–
To start new business, expansion of existing business, upgradation of technology etc.
To purchase /construction /renovation of factory / office /shop / godown
Working capital requirement
Facility :–
Cash Credit, Term Loan ,Bank Guarantee / Letter of Credit
Maximum Loan Amount:–
Up to Rs.15 Lakh.- Micro Enterprises
Above Rs.15 Lakh to 100 Lakh – Small Enterprises
Above Rs.100 Lakh to 200 Lakh – Medium Enterprises
Repayment Period & Terms :–
Maximum up to 84 months.
Special Rate of Interest :–
@ 10.00% p.a.
Credit Score :-
Credit score should be required 700
Financial Benchmarks :-
Unite should be profit making in the last three years ,
Current Ratio – 1.33
Gearing Ratio – 3.50
Debt Equity Ratio – 3
DSCR – between 1.50 to 2.00
Security :-
All assets are created out of Banks finance shall be charged in favour of Bank by way of Hypothecation
Nature of Security :-
Micro Enterprises – Hypothecation / Mortgage + Guarantee of spouse or a family member
Small Enterprises – Hypothecation / Mortgage + 2 Guarantors + Collateral security i.e. 25% of exposure.
Medium Enterprises – Hypothecation / Mortgage + 2 Guarantors + Collateral security i.e. 50% of exposure.
Disbursement :-
As per cost of project
Processing Charges :-
No any processing charges
Prepayment Charges :-
No any prepayment charges
