Cent Kalyani Scheme – Central Bank of India

About the Scheme

Cent Kalyani Scheme is a business loan initiative of Central Bank of India designed to provide financial assistance to eligible women entrepreneurs. The scheme aims to encourage women to start new businesses or expand their existing business activities by providing access to institutional credit. The loan can be used for various eligible business purposes, such as establishing a new enterprise, purchasing equipment or machinery, expanding an existing unit, and meeting certain working-capital requirements.

The scheme focuses on supporting women engaged in eligible manufacturing, service, trading and other permitted business activities. Depending on the nature and requirements of the business, the bank evaluates the applicant’s business proposal, repayment capacity, credit history and other applicable criteria before sanctioning the loan. The loan amount, interest rate, security requirements, repayment period and other terms are determined according to the bank’s prevailing guidelines.

Key details of Cent Kalyani Scheme

Purpose of the Cent Kalyani scheme

The main purpose of the Cent Kalyani Scheme by Central Bank of India is to provide financial assistance to eligible women entrepreneurs so they can start, operate, or expand their business activities.

• Promote Women Entrepreneurship by improving access to formal bank finance.
  
  
• Provides Business funding for eligible new and existing entrepreneur.
  
  
• Support business Expension through financing for permitted machinery, equipment and other business requirements.
  
  
• Encourage self employement and help women establish sustainable income-generating activities.
  
  
• Strengthen existing business by providing access to institutional credit.
  
  
• Encourage economic participation of women and support the growth of women-led enterprises.

Target Sector of the Cent Kalyani Scheme

Exclusions of the Cent Kalyani Scheme

• Some businesses run by women, such as grocery stores and retail businesses
  
  
• Self-financed or funded education and training institutions 
  
  
• Under several government schemes, subsidies are available to self-help groups. 

Benefits of Cent Kalyani Scheme

1. The maximum financing amount available under the scheme is ₹100 Lakhs
   
   
2. For term loans, you can access fund-based working capital facilities such as overdraft or cash credit
   
   
3. For non-fund-based capital, you can apply for instruments like a letter of credit or letter of guarantee
   
   
4. You are required to contribute a 20% margin funding towards the business, while the remainder is covered by the scheme
   
   
5. No collateral or guarantee is required for the loan
   
   
6. The processing fee for the loan is waived (zero fees)
   
   
7. Some schemes, such as CGTMSE, offer guaranteed coverage and fee exemptions for the first year

Eligibility of Cent Kalyani Scheme

• You can either be a professional, self-employed, or business owner
  
  
• You can belong to manufacturing, trading, or the service sector
  
  
• You must not be included in agricultural activities or Self-Help Groups (SHGs)
  
  
• You are eligible if your business is new or existing
  
  
• Women must solely own and control the business
  
  
• You must comply with standard bank regulations relating to documentation and creditworthiness

Document Required of Cent Kalyani Scheme

Application Process

• Visit the nearest Central Bank of India branch.
  
  
• Ask for the Cent Kalyani Scheme and obtain the loan application form.
  
  
• Fill in the application form with your personal and business details.
  
  
• Submit the required KYC and business documents, such as Aadhaar, PAN, address proof and business-related documents.
  
  
• Prepare and submit a business/project report explaining the business activity, investment requirement and expected income.
  
  
• Provide quotations for machinery, equipment or other assets if the loan is being used for such purchases.
  
  
• The bank will verify your documents and assess the proposal, including business viability and repayment capacity.
  
  
• If the application is approved, the bank will communicate the sanctioned loan amount and applicable terms.
  
  
• Complete the required loan formalities and submit any additional documents requested by the bank.
  
  
• After completion of the formalities, the loan amount is disbursed according to the approved terms.

Conclusion

The Cent Kalyani Scheme provides financial support to women entrepreneurs, encouraging them to start or grow their businesses. Unlike other bank loans, this scheme does not charge a processing fee, making financing easier for women. Funds from the scheme can be used for business investment or recurring costs. 

Alternatively, you can consider getting business loans from leading lenders through Bajaj Markets. On this platform, you can explore loan options from a wide range of lenders and get up to ₹50 Lakhs with a maximum tenure of up to 96 months.

Application Process