Cent Kalyani Scheme

Brief

Cent-Kalyani is an initiative by the Central Bank of India aimed at empowering women entrepreneurs and businesses. This initiative is launched to encourage Women Entrepreneurs to start new projects or expand and modernize the existing unit.

Eligibility

• New as well as Existing Women entrepreneurs for her Micro/Small enterprise ( as defined under MSME Act- 2006) .i.e engaged in manufacturing and service activity for eg. Handloom weaving Handicraft, Food-Processing, Garment making, etc. Professionals & Self-employed women - Doctors, Chartered Accountants, and Engineers or trained in Art or Craft, etc.
• Health/Beauty/clinics/Dieticians/Fashion Designing Beauty Parlors. Small Business-Small/lunch/canteen, mobile restaurant, circulating/ library/tailoring/Day Creaches for children, Tailoring/Typing/STD/Xerox booth, etc.Transport Operators- Three wheelers/Four wheelers. (Retail Trade/Education and Training Institute/Self Help Group not eligible)

Fund / quantum

• QUANTUM OF FINANCE: Maximum Rs. 100 Lacs.
• MARGIN: 20%
• RATE OF INTEREST: Concession in Rate of interest - Loan up to Rs. 10 Lacs - MCLR + 0.25% Loan above Rs. 10 Lacs and up to Rs.100 Lacs - MCLR + 0.50% Additional Interest concession of 0.25% if an account is rated by an external agency.

Benefit tags

• Credit Benefit

Notes

• The scheme aims to encourage Women Entrepreneurs to start new projects or expand/modernize the existing unit. New as well as Existing Women entrepreneurs for their Micro / Small enterprises i.e engaged in manufacturing and service activity eg. Handloom weaving Handicraft, Professionals & Self-employed women - Doctors, Chartered Accountants, and Engineers or trained in Art or Craft, etc. Target Group-New, as well as Existing Women entrepreneurs for her Micro / Small enterprise ( as defined under MSME Act- 2006), .i.e engaged in manufacturing and service activity for eg. Handloom weaving Handicraft, Food-Processing, Garment making, etc., etc. Professionals & Self-employed women - Doctors, Chartered Accountants, and Engineers or trained in Art or Craft, etc. Health /Beauty clinics/Dieticians/Fashion Designing Beauty Parlors.Small Business-Small lunch/canteen, mobile restaurant, circulating library/ tailoring /Day Creaches for children, Tailoring, Typing / STD/Xerox booth etc.Transport Operators- Three wheeler /Four wheeler. (Retail Trade/ Education and training Institute/ Self Help Group not eligible)

• Term Loan Fund Based Working capital Facility - Overdraft/Cash/Credit Non-Fund Based Working Capital - Letter of Credit/ Letter Of Guarantee etc
• For specific details about the initiative and its benefits, please visit the official website.

• New as well as Existing Women entrepreneurs for her Micro/Small enterprise ( as defined under MSME Act- 2006) .i.e engaged in manufacturing and service activity for eg. Handloom weaving Handicraft, Food-Processing, Garment making, etc. Professionals & Self-employed women - Doctors, Chartered Accountants, and Engineers or trained in Art or Craft, etc.

• Health/Beauty/clinics/Dieticians/Fashion Designing Beauty Parlors. Small Business-Small/lunch/canteen, mobile restaurant, circulating/ library/tailoring/Day Creaches for children, Tailoring/Typing/STD/Xerox booth, etc.Transport Operators- Three wheelers/Four wheelers. (Retail Trade/Education and Training Institute/Self Help Group not eligible)

• QUANTUM OF FINANCE: Maximum Rs. 100 Lacs.

• MARGIN: 20%

• RATE OF INTEREST: Concession in Rate of interest - Loan up to Rs. 10 Lacs - MCLR + 0.25% Loan above Rs. 10 Lacs and up to Rs.100 Lacs - MCLR + 0.50% Additional Interest concession of 0.25% if an account is rated by an external agency.

Online / portal

Official application / information link: https://www.centralbankofindia.co.in/en/Cent_Kalyani

Source listing: https://www.startupindia.gov.in/content/sih/en/government-schemes.html