Stand UP India Scheme - Bank of Maharashtra

Particulars	Details
Eligibility	SC/ST and/or woman entrepreneurs, above 18 years of age. Loans under the scheme is available for only green field project. Green field signifies, in this context, the first time venture of the beneficiary in the manufacturing or services or trading sector. In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur. Borrower should not be in default to any bank/financial institution.
Nature of Loan	Composite loan (inclusive of term loan and working capital) between Rs10 lakh and up to Rs100 lakh.
Interest Rate	For loan of Rs 10.00 lakh : RLLR based For loans above Rs 10.00 lakh up to Rs 100.00 lakh : As per Risk Based pricing for Micro & Small enterprises.
Security	Besides primary security, the loan may be secured by collateral security or guarantee of Credit Guarantee Fund Scheme for Stand-Up India Loans (CGFSIL).
Repayment	The loan is repayable in ‘seven’ years with a maximum moratorium period of 18 months.
Working Capital	Need based working capital be sanctioned by way of Cash Credit limit. Rupay Debit Card is to be issued for convenience of the borrower.
Margin Money	The Scheme envisages 25% margin money which can be provided in convergence with eligible Central / State schemes.