Tarun Plus Scheme
Tarun Plus Scheme
| Target Group | The Existing units/ projects 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. | |
| Purpose | All Activities allied to Agriculture e.g. Pisciculture, Bee keeping, Poultry, Livestock rearing, grading, sorting, aggregation, Agro industries, Dairy, Fishery, Agri Clinic and Agribusiness centers, Food and Agro processing etc shall be eligible for coverage under Pradhan Mantri Mudra Yojana (PMMY) as per extant guidelines of the scheme. | |
| Facility Type | 1.Term Loan
2. Working Capital |
|
| Loan Amount | Minimum: above Rs 10.00 Lakhs
Maximum: Rs 20.00 Lakhs |
|
| Margin (Promoter’s Contribution) | 20% | |
| Security | Primary Security: Hypothecation of assets created out of the loan proceeds.
Collateral Security: Nil Loan amount mandatorily to be covered under CGTMSE /CGFMU and fee will be paid by applicant |
|
| Rate of Interest |
1 Y MCLR + Spread 3.00% |
|
| Repayment
Period |
Maximum Repayment : Upto 84 Months for Term Loans | |
| Upfront fees / Processing
charges |
Processing Charges, Documentation charges and Other Charges as per Service Charges Circular. | |
| Others | As per extent guidelines issued by Bank | |
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