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PMMY-MUDRA-Tarun Plus

PMMY-MUDRA-Tarun Plus

Apply For Loan
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 (5.25%) + Prime Spread (2.70) + Other Spread (2.05) =

11.25% 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

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( Last modified on Apr 17, 2026 at 10:04:38 AM )

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