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Annapoorna and Aroghya Scheme
EligibilityLoan to midsized hotels / restaurants/bakeries/fast food outlets/motels/High way inns /kiosks /mess /canteens.

Units in own premises/units in leased premises with un-expired lease covering the repayment period.

Units having valid license to conduct Hotel business/Catering from Municipal/Local Administration

Amount of Loan Units in Urban Centres

Rs.15 Lakhs (Term Loan Rs.10 lakhs & working capital Rs.5 lakhs)

Units in Metros Rs.25 lakhs, (TL Rs.15 lakhs and WC Rs.10 lakhs)

Units in Semi Urban Centre

Rs.5 lakhs (TL or WC)
Margin15%
Interest RatesPlease see the Interest Rate link on home page
RepaymentMaximum period of 5 years inclusive of holiday period not exceeding 3 months
SecurityPrimary- Hypothecation of the assets created out of loan,

Collateral:
Up to Rs.10 lakh- Nil subject to coverage under CGTMSE Scheme.

Above Rs.10 lakh- EM of immovable property (premises of Hotel / Catering Unit) equivalent to 100% of the loan amount.

In case third party properties are offered, guarantee of the third party shall also be obtained.
Salient FeaturesRenovation of the premises, installation of /replacing AC/Air cooler system, freezers, Purchase of delivery vehicles etc.

For taking up “franchise selling” of branded eatables.

For purchase of installation of water purifier system , for provision of musical system /musical instruments in the hotel premises, for setting up of Bar/Restaurants

 
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