Rinn Suraksha for Micro & Small Enterprises - Business

Features

• Target Group: New as well as existing Micro and Small Enterprises which are paying the Annual Guarantee Fee (AGF) for the CGTMSE coverage. New demand loan to be sanctioned on yearly basis for the payment of AGF. Coverage to Standard Account only.
• Quantum of loan (Min/Max): Equivalent to the amount of AGF for CGTMSE Coverage plus applicable GST.
• Margin (%): NIL
• Pricing: Same as applicable to linked SME Facility / loan

• Collateral Security : Nil

• Repayment Period : Interest to be repaid as and when applied Principle to be repaid in maximum 12 months / repayment to be co-terminus with the tenure of the loans (for which CGTMSE fee is paid) whichever is earlier.

• Fee & Charge: NIL