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  #2  
July 14th, 2016, 03:11 PM
Super Moderator
 
Join Date: Mar 2013
Re: Central Bank Of India Yuva Card

As you asking for the Information about the Mukhya Mantri Yuva Swarozgar Yojna Scheme for Madhya Pradesh of the Central bank of India the details are as follow :

Objective:

For promoting entrepreneurship in the Madhya Pradesh without the need for collateral security.


Project Cost:
Ultra Small: Project Cost Up to Rs.50000 , Small : Project Cost from Rs.50000 to Rs.25 lac

Repayment:
Not exceeding 84 months excluding the moratorium period.
Quantum of Finance: Rs. 25 lac


Margin:
State Government will provide 20% of the project cost as Margin Money or Maximum Rs.10000 one shot basis for project cost up to Rs.50000


Rate of Interest:
For Loan up to Rs.10 lac : BR+0.50%,
For Loan above Rs.10 lac and up to Rs.25 lac: BR+1.00%

Security:

No collateral security if the account is covered under CGTMSE. In other case security of 100% of amount of loan sanctioned to be taken.

For more details you may Visit the Nearest branch of the Central bank of India


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