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Cent Leather

1. Title Cent Leather
2. Purpose To provide finance to MSME borrowers (as defined under MSMED Act 2006) engaged in/proposed to engage in Manufacturing/Trading of Leather, Leather products, Manufacturing/Trading of Footwear/Footwear products and other related activities.
3. Eligibility
  1. Individuals/ Proprietary Concerns, Partnership Firms (other than Partnership Firms where HUF is a Partner)/ Company / Traders/ LLPs/Traders.
  2. MSMEs should be registered in UDYAM portal and
4. Nature of Facility a. Working Capital (Both Fund Based and Non-Fund Based).
b. Term Loan.
5. Loan Quantum Minimum: Rs. 11 Lakh
Maximum: Rs. 20.00 Crores
In case of Traders:
Minimum Rs. 11.00 Lakh
Maximum Cap of Rs.10.00 Crore.
6. Margin 25% margin on WC(CC/OD) & TL
7. Interest Rate Attractive Rate of Interest
8. Security Primary Security: -
Assets created out of bank finance.

Collateral Security:
SARFAESI compliant immovable property with realisable value of at least 50% (RVS) of loan amount.

CGTMSE Coverage
  1. Up to Rs. 5.00 Crore – CGTMSE shall be extended loan up to Rs. 5.00 Crore
  2. Above 5 Crore and up to Rs. 10.00 Crore subject to Scheme Guidelines:
  3. Hybrid Model is allowed.