Loan of Rs. 50 crores to Startups for Website & App Development, Team Hiring, Office Renovation etc

Following is a scheme of Loan to Startups upto Rs. 50 Crores by one of the top bank which has been recently announced.
Register at below link to be eligible to join the Meeting with respective Stakeholders to understand and avail the scheme as per the eligibility criteria on merit of the case:
bit.ly/startup...
Entry to the event only by invitation.
Financing to Start-ups is available in MSME, Agriculture and allied services Sector.
Indicative List of Funding requirement, which are covered for Start-up Loans are as below:
i. Prototype creation, product development, website or app development
ii. Team hiring
iii. Legal and consulting services
iv. Other Pre-Operative Expenses
v. Equipment
vi. Licenses and certifications
vii. Marketing and Sales expenses
viii. Purchase/Leasing of Office spaces
ix. Administrative expenses
x. Furnishing/Renovation of the office/work- place
xi. Advance against future receivables of reputed firms/companies
xii. Working capital requirement
Quantum of Finance is from ₹ 1.00 crore to ₹ 50.00 crore
Facilities covered under the scheme are both fund based and non-fund based loans, as per details below:
Fund Based
i. Cash Credit
ii. Term Loan including Preliminary & Pre- operative expenses
iii. Overdraft
Non-Fund Based:
LC/BG
Following Startups are eligible to avail the facilities:
i. Private Limited Company, Registered Partnership, or a Limited Liability Partnership.
ii. Registered as Startup with DPIIT
iii. Minimum 1 years to maximum 10 years old from the date of incorporation/registration..
iv. Turnover Not to exceed ₹100 crore in any of the Financial Year after incorporation / registration.
v. Minimum 51% equity to be held by the promoter.
vi. Working on innovation, development or improvement of products, processes or services or Scalable business model with high potential of employment generation or wealth creation.
vii. Should not have been formed by splitting or reconstructing an already existing business.
Minimum Margin of 25% is required.
Moratorium -of maximum up to 36 months may be allowed.
Loan without Security may be sanctioned subject to following:
i.. Pledge of Promoters shares 10% to Max. 28%.
ii. Loan up to ₹ 5.00 crore may be covered under the CGTMSE Scheme.
iii. Credit Guarantee Scheme for Startups up to a limit of ₹ 10.00 crore per borrower.
The Physical event is proposed at the following locations:
01.Delhi
02.Gurugram
03.Mumbai
04.Bengaluru
05.Coimbatore
06.Madurai
07.Nagpur
08.Hyderabad
09. Pune
Agenda of the event will be as under:
01.Bank Loan Schemes for Startups and MSMEs,
02.Investors’ meet with Startups,
03.Government Schemes for Startups and MSMEs,
04.SIDBI Schemes for Startups and MSMEs,
05.NSIC Schemes for Startups and MSMEs,
06.Pitch Deck Presentation by selected Startups,
07.Marketing support to Startups and MSMEs.
08.Legal aspects for various agreements, decoding of term-sheets of investors etc for Startups and MSMEs.
Additional information may be called from the applicants.
Loan will be sanctioned based on merit of case and the invitation to join is not a guarantee to sanction the loan.