Objective
The objective of the scheme is to provide equity type of assistance to women entrepreneurs for setting up new industrial venture with the project cost upto Rs. 10 lac in small scale sector.
Eligibility:
New projects in tiny and small scale sectors for manufacture, preservation or processing of goods (tiny entreprises would include all industrial units and service industries except road transport operators) specifying the investment ceiling prescribed for tiny enterprises.
Existing tiny and small industrial units as mentioned at 'a' above including those who have availed of MUN assistance earlier undertaking expansion, modernisation technology upgradaton and diversification.
All industrial activities and service activities in SSI sector excluding road transport operators.
d) Sick, tiny and SSI units which are considered potentially viable. Projects which have availed any margin money or seed/special capital assistance under the scheme of Central/State Government, SFCs and other Fls are not eligible for assistance under the scheme.
Cost of Project:
Total cost of project including margin money for working capital should not exceed Rs. 10.00 lac in case of new projects. In case of existing units and service enterprises the outlay of expansion/modernisation/technology upgradation or diversification or rehabilitation should not exceed Rs. 10.00 lac per project.
Terms of Assistance:
Soft loan under the scheme @ 25% of the project cost subjected to the maximum of Rs. 2.5 lac per project. The minimum promoters contribution will be 10% of the cost of project.
Interest rate:
No interest is charged on soft loan component except service charges of 5% PA. Interest on term loan is linked with refinance rate of SIDBI.
Repayment period:
Seven years (including moratorium period of three years for soft assistance and 18 months for term loan)
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