|Bank||Bank of Maharashtra|
|Scheme||Mahabank Scheme for units engaged in Hospitality|
|Description||Purchase of land & construction/premises for running small hotel/restaurant. The finance for purchase of Land in project cost shall not exceed 25% of the total project cost.
|Eligibility||Existing/Prospective owners of Hotels, Restaurants, Fast Food Centers, Pizza Centers (Franchise), Caterers, Motels (Dhaba), Bakeries, Mess, Tour Operators, Water Sports, Amusement Parks, Floating Restaurants, House Boats etc.
Individuals, Proprietorship, Partnership Firm, LLP, & Corporates
The owner of the property invariably be taken as personal guarantor to the credit facilities.
|Rate of Interest & Repayment||RLLR based
Incentive by way of ROI reduction if collateral is provided.
CGTMSE cover available for loan upto Rs. 2 crore.
|Composite /loan Limit||Term Loan: Min Rs. 0.10 crore Max of Rs 10 crore
Working Capital: Min Rs. 0.10 crore Max. Rs 10 crore
|Margin||Micro & Small Enterprises: Minimum 20%
Medium Enterprise: Minimum 25%
|Detail Link||View Link|