||Individuals/MSMEs engaged in non-farm entrepreneurial activities (manufacturing, trading and service enterprises including professionals rendering services) across the country (including rural, semi-urban, urban and metro centres).
||Term loan & Overdraft/ Cash Credit.
||Cash Credit / Overdraft - To meet Working Capital requirements.
Term Loan - To meet CAPEX including purchase of equipment/furniture or any such business requirements.
||Minimum – None.
Maximum – Rs. 10 lakh.
||OD & CC Limit – 12 months, repayable on demand.
Term Loan- Up to 5 years.
|| Linked to Bank’s Base Rate and Rating.
||No Collateral Security requirement.
||No third party guarantee requirement.
|| Nil for Loan upto Rs. 50,000.
25% for others.
||Nil for loan upto Rs. 5 lakh.
Up to 0.50% for others.