COTTON GINNING PLUS

DEDICATED SCHEME FOR FINANCING UNITS IN COTTON GINNING INDUSTRY

Parameters Features
Type of Facility

• Term Loan
• Cash Credit

Purpose

• Working capital financing
• Acquisition of machinery factory building for modernization/ Expansion etc.

Eligibility Criteria profit making existing units & New Units in the line of activity of cotton Ginning
Quantum of loan (Min/Max)

Term Loan based on project outlay

Working capital limits:Need based
Margin (%)

Term Loan: 15%-25%

Working capital:

Against Stock: 15-20%

against Book Debt: 25%-40%
Pricing  Competitive Interest Rate Linked to MCLR
Collateral Security

Loans upto Rs 10 lacs: NIL (Covered under CGFMU)

for Loan above Rs 10 lacs-Rs 1 cr to be covered under CGTMSE if FEE borne by borrower
Repayment Period

Term Loan : 5 to 7 years

Working Capital: Repayable on demand.
Processing Fee As per card rates applicable from time to time