Translate

KBL Mahila Udyog Scheme

Home > Digital Ecosystem > II. Mentorship > Enlightener Series > KBL Mahila Udyog Scheme

Status: Active

Classification: Public Sector Scheme

Release Date(s):
8th October 2022
31st March 2021

Offering: Loan/Credit

Entity Type: Public Sector Bank

Reading Time: 4 Mins

Ticket Size: Upto ₹10 Lakhs

Entity Name: Karnataka Bank Ltd.

#Views: 65

Disclaimer….before you read ahead!

The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.

Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this email.

 

About the scheme…
KBL Mahila Udyog Scheme
 was launched by Karnataka Bank Ltd. (KBL) to meet credit requirements of women entrepreneurs for any income generating activity.

 

How is it being implemented?

Under KBL Mahila Udyog Scheme, direct financial assistance is given to

  • Women entrepreneurs
  • Women Self Help Groups

 

What’s on offer?
I. Product: 

  • Term loans or demand promissory notes (DPN) upto ₹10 Lakhs
  • Working capital facility such as overdraft, cash credit etc. upto ₹2 Lakhs
  • Total exposure per borrower, across term loans, DPN and/or working capital facility, to not exceed ₹10 Lakhs

II. Purpose:

  • Acquisition of fixed assets
  • Working capital requirements

III. Borrower Type

  • Individuals, Sole Proprietorship, Partnership, Private Limited Company, Public Limited Company
  • Women Self Help Groups

IV. Security or Collateral or Guarantee or Insurance

  • First charge or hypothecation over assets created out of Bank’s finance
  • Coverage under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) wherever permissible
  • For more information around requirement of guarantee and insurance, please contact KBL via means mentioned below

V. Interest Rate

  • 11% w.e.f. October 1, 2022

VI. Processing fee

  • For loans upto ₹5 Lakhs: Nil
  • For loans above ₹5 Lakhs: 0.25%

VII. Margin money requirement

  • 15 – 30%
  • For information around this, please contact KBL via means mentioned below

VIII. Tenure, Repayments & Pre-Closures

  • Tenure
    • For term loans: upto 120 months including moratorium, if any, of not exceeding 12 months depending on the type of project
    • For demand promissory notes: upto 34 months
    • For working capital facility: 12 months
  • For information around repayment, pre-closures, prepayments, penal charges etc., please contact KBL via means mentioned below

IX. Turnaround Time

  • This scheme is characterized by simple processing and quick sanction
  • For information around this, please contact KBL via means mentioned below

 

Interested? Read ahead to check your eligibility….

I. Do you individually or jointly with other women, fully own and manage the business?

OR
In case of Partnerships, Private Limited Company or Public Limited Company, do you have a share of not less than 51%, as partner or shareholder, and control?

If your answers to the questions above are an emphatic YES, you are all set to avail loans under KBL Mahila Udyog Scheme!

 

So…how big is this scheme and what has been done so far?

I. Details around KBL Mahila Udyog Scheme don’t seem to be available in the public domain

 

So, now, how should you go about it?

I. For submitting application:

II. For information on,

III. For any queries,

  • Please contact KBL on,
    • Toll free number 1800 425 1444 OR 1800 572 8031
    • Call 080 22021500 OR 080 22021507 OR 080 22021508 OR 080 22021509

OR

  • Request a call back by filling in information here

OR

OR

 

Go on then…and do spread the word!

 

Sources:

  1. About the Scheme
  2. About Interest Rate on the Scheme
  3. About Service Charges on the Scheme

Did you find this article helpful?

Or

Latest in Enlightener Series

0
0
0
0
error: Content is protected!!

Join our exclusive community for Women Entrepreneurs (& aspiring ones!)

To join our WhatsApp Community, click 👉 https://chat.whatsapp.com/JyWvBECvQcB5Z7mnciPUzK To join our Telegram Community, click 👉 https://t.me/+692akHHVXj00MjY1 To join our Mailing List, click 👉 https://www.surveymonkey.com/r/46XXMailingList To join our Social Media Community, click 👉https://linktr.ee/team46xx
We will confirm.