Seed Capital for different categories of borrowers shall be as under:
1. Under Graduates:- 35% of the project cost subject to maximum of 4.00 lacs
2. Graduates:- 35% of the project cost subject to maximum of 5.00 lacs
3. Post –Graduates:- 35% 0f the project cost subject to maximum of 6.50 lacs.
4. Technically qualified Persons:-35% of the project cost subject to the maximum of 10.00 lacs. However for Group initiatives the upper limit shall be relaxable up to sum-total of individual entitlements. Screening Committee shall accept Joint Ventures for three persons , however in exceptional cases joint venture up to 5 persons may be considered.
35% of the project cost subject to a maximum of 10 lacs.
65% of the project Cost .In cases where the bank finance is secured by CGTMSE Cover, the maximum ceiling on Bank Finance shall be 25 lacs. However, if the loan amount is secured by collateral security of immovable property, there shall be no ceiling on the amount of Bank finance.