Mahagramin Service Enterprise Value Advancement (Mahagramin SEVA)

Purpose

Financial assistance for establishment of new facilities and for expansion, modernization or upgradation of existing facilities. In addition to capital expenditure, assistance may also be considered for working capital requirements and other genuine business expenditures.

Facility :

Term Loan and Working Capital finance

Quantum of Loan :

Min. Rs. 10.00 Lakhs Max. Rs. 25.00 Cr.

Tenure :

Term Loan- Maximum Repayment period of 15 years including moratorium period depending upon the nature of activity financed
Working Capita- Yearly Review/ Renewal

Security

For Furniture, Equipments, Machinery etc. movable assets-
- Hypothecation of Furniture, Equipments, Machinery etc. movable assets created out of bank finance
For premises/construction-
- Mortgage of Premises, Plot etc.