Industry related services and business enterprises with investment in equipment defined above in question no.1 are small business enterprises.
Whether Term Finance and working capital finance is sanctioned by the Bank?
Yes. Both Term Finance and working capital facilities are sanctioned by the Bank
Whether collateral security is required ?
No collaterals/third part guarantee for loans up to Rs.100/- lacs which are covered under CGTMSE.For other accounts which are not covered under CGTMSE, Bank may stipulate collaterals as per Bank’s guidelines.
What is the criteria for business enterprises ?