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#1
13th July 2015, 03:25 PM
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| Union bank of India CGTMSE
I want to know info abut Union bank of India CGTMSE, so tell me what is the Union bank of India CGTMSE, will you please provide here all details about Union bank of India CGTMSE???
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#2
13th July 2015, 03:43 PM
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| Re: Union bank of India CGTMSE
Union Bank of India offers loan Under Union Cyber then you can avail for setting up internet/cyber cafe for purchase of Computers/PCO Equipments, furniture etc. at rural, semi urban and urban centers. The loan is to be covered under Credit Guarantee Scheme of CGTMSE UNION CYBER ELIGIBILITY:- Minimum Qualification– Minimum S.S.C. passed Age – Between 18 to 30 years, should possess a certificate having completed a basic computer knowledge course Women entrepreneurs are given preference QUANTUM OF LOAN: Maximum Rs. 3 lac MARGIN, I.E. YOUR SHARE:- 20% of Term Loan INTEREST RATE : (Base Rate - 10.25% w.e.f. - 06-09-2013) Base Rate + 4.75% i.e.:- 15.00% REPAYMENT:- 3 to 5 years depending upon the cash flow. |
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#3
22nd November 2015, 12:21 PM
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| Re: Union bank of India CGTMSE
Hii Friend ,I wan to know details for Credit Guarantee Fund Trust For Micro And Small Enterprises System of Union bank of India , So Can you plz tell me for same ?
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#4
22nd November 2015, 12:22 PM
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| Re: Union bank of India CGTMSE
All scheduled commercial banks and specified Regional Rural Banks, NSIC, NEDFi, SIDBI, which have entered into an agreement with the Trust for the purpose. The eligible lending Institutions, on entering with an agreement with CGTMSE, become Member Lending Institutions (MLIs) of CGTMSE. Age – between 18 to 30 years, should possess a certificate having completed a basic computer knowledge course Women entrepreneurs are given preference QUANTUM OF LOAN:- Maximum Rs. 3 lac. MARGIN, I.E. YOUR SHARE:- 20% of Term Loan. NATURE OF FACILITY:- Term Loan. APPRAISAL:- Regular Appraisal method be applied. SECURITY:- Prime – Hypothecation of assets to be acquired out of Bank Finance Collateral– Nil The loan is to be covered under Credit Guarantee Scheme of CGTMSE INTEREST RATE :- (Base Rate - 9.65% w.e.f. 05-10-2015) Base Rate + 4.75% REPAYMENT:- 3 to 5 years depending upon the cash flow. The Chief Executive Officer CGTMSE 1002 & 1003, Naman Centre, 10th floor, Plot No. C-31, G- Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 |
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