ELIGIBILITY:
- Small Enterprises (Manufacturing Sector) including artisans, village and cottage industrial units and Micro Enterprises in Small Enterprises Sector, and
- Micro/Small (Service Sector) Enterprises engaged in industrial activities only.
PURPOSE:
- Fixed capital investment and / or working capital requirement.
TYPE OF FACILITY : Composite loans.
AMOUNT OF LOAN : Upto Rs. 100/- Lakhs.
MARGIN:
- Nil in case of composite loan upto Rs. 25,000/-.
- 15% - 25% in case of composite loans above Rs. 25000/- and upto Rs. 100/- Lakhs.
SECURITY:
- Charge on assets created out of loan amount and other collateral securities as determined on the merits of each case.
PERIOD OF REPAYMENT:
- Minimum 3 years and maximum of 10 years (which can be extended), with initial holiday of 12 months to 18 months.
Conditions apply.
To know the current interest rates Click here.
Click here to download copies of blank agreements to be executed by the borrowers
