FaceBook Twitter Youtube   Screen Reader Access Screen Reader Access Screen Reader Access - small Screen Reader Access - medium Screen Reader Access - large
Home About Us Products/Services Customer Corner Forms For Our Investor Careers Contact Us
  Products
  MSME Care Centers
  Minority Cell
  MSME Credit Policy
  Track Your Application
 

Online Application Form

Home > SME Finance  
 
 
 
Entrepreneurial Development Fund

The objective of the Fund is to provide financial assistance to the entrepreneurs - whose financial resource to promote enterprises is limited – for setting up SMEs. The Fund aims to provide assistance by way of equity/ interest-free loan for meeting the financial gap for establishing the business.

 
Sr. No  Field  Content 
1 Eligible Segments 
  • Technically or professionally qualified entrepreneur.
  • Entrepreneurs setting up for the first time, a project in the SME sector where the cost of unit is up to Rs.200 lakh.
  • Preference will be given to entrepreneurs trained by institutes like Confederation of Indian Industry (CII)/Entrepreneurship Development Institute of India (EDII)/Rural Development & Self Employment Training Institute (RUDSETI).
2 Facility
  • In case of Company: Facility will be in the form of equity.
  • In case of partnership firm/ proprietorship concern: It will be provided as soft loan.
3 Loan Amount The amount of assistance per unit shall not exceed 15% of project cost subject to a ceiling of Rs.30 lakh.
4 Margin / Promoter's Contribution Minimum 10% of the project cost.  
5 Tenor 3 to 7 Years
6 Security  Assets created out of the Bank finance (In case of soft loan).
7 Guarantee The beneficiary entrepreneurs shall also be required to furnish personal guarantee for the timely repayment/payment of principal and interest thereon. 
8  Processing Charges  The soft loan shall carry service charge @1% p.a. for a period of first three years. 
 
     
     
  Home | Top  
     
 
 
 
 
 
  Services Required
 


                    Change Image
Write the characters in the image
  I authorize IDBI Bank to contact me. This will override registry on the NDNC
 
  Products and Services
  Deposits
  Loans
  Net Banking
  Online Tax Payment
  RTGS / Fund Transfer
  Phone Banking
  Mobile Banking
  Debit Cards
  Agriculture Finance
Disclaimer| WebMaster| Site Map| RBI| RTGS| FAQ| Browser compatibility Policies: Privacy-Hyperlink-Copyright| Site Developer