Cent Electrical

S.N	Parameter	Criteria
1	Scheme title	Cent Electricals
2	Eligibility	All existing and new MSME units – Individuals, Proprietary concerns, Partnership firms, LLP and Companies having UDYAM Certificate and registered under GST wherever applicable. MSMEs classified under the MSMED Act engaged in only: Electrical goods manufacturing (motors, transformers, switchgear, wiring, panels) Electronic goods manufacturing (consumer electronics, components, PCB units, LED units) EV components, battery units, solar equipment assembly Repair/service units in electrical/electronic sector Wholesale/retail traders of electrical and electronic equipment
3	Activity	1. Manufacturing / Plant Setup Machinery, testing equipment, tools, automation lines. Factory shed construction / expansion. 2. Working Capital Requirements Raw material, inventory, components, dealer stock. 3. Technology & Infrastructure Upgradation Energy-efficient systems, automation, ERP, IoT. BIS/ISO/CE/RoHS certifications. 4. Green & Future Technologies Solar-based electronics. EV charging equipment and power electronics.
4	Udyam Registration	Mandatory
5	Quantum of finance	Minimum – ₹.11 Lakh Maximum – ₹ 20 Crore
6	Nature of facility	Fund Based: Working Capital (For Repair/Service units in electrical/electronic – Max. Working Capital Limit - ₹ 100 Lakh only). Term Loan. Non-fund-based Limit LC/BG
7	Interest Rate	Attractive Rate of Interest
9.	Margin	25% margin on WC(CC/OD) & TL
10.	Security	Primary Security: - Assets created out of bank finance. Collateral Security: SARFAESI compliant immovable property with realisable value of at least 30% of loan amount (60% in case of traders). CGTMSE Coverage Up to ₹. 5.00 Crore – CGTMSE shall be extended loan up to ₹. 5.00 Crore Above ₹ 5 Crore and up to ₹. 10.00 Crore subject to Bank Policy conditions: Hybrid Model is allowed.