BOB Weaver Mudra Scheme - Pradhan Mantri MUDRA Yoiana (PMMY)

• Objective
• The scheme aims at providing adequate and timely assistance from the Bank to the weavers to meet their credit requirement i.e. for investments need as well as for Working Capital in a flexible and cost effective manner. The scheme will be implemented both in rural and uroan areas
• Eligibility
• Existing or experienced Handloom Weavers invotved in weaving activitv
• Purpose
• For purchase of looms and related capital expenditure and need based workinq caoital reouirement
• Nature of facilitv 
• Demand loan & Working capital finance 
• Maximum Limit 
• Rs,s.00 Lacs (lnclusive of Demand Loan and W'c. finance)
• Rate of lnterest 
• Rate of interest as per prevailing rate applicable to MSME segment as under: 
• Charging of Interest: For example:. if, MCLR+SP+o.7o i.e.10.35 at present, subject to revision in MCLR from time to time as per guidelines of the Bank. To be charged from Borrowers: 10.3570
• Interest subsidy to be claimed from GOI: Difference amount i.e. 4.35% at present subject to change in I/CLR shall be calculated and adjusted in the account on quarterly basis.
• Margin
• 20 % of total project cost (Capital Expenditure & W.c) Ma.gin up to Rs.10000/- or 20yo whichever is less shall be Drovided bv GOl. 
• Assessment of Limits 
• Demand Loan: 80% of cost of Looms and other accessories / caDital expenditqre
• Working Capital limit: Bank finance will be 2oo/o ol estimated / proiected turnover less marqin
• Ref : Circular no : BCC_BR_108_468 Dated  04-10-2016