Purpose
Any lawful trading/service providers/Manufactures/processers etc., excluding speculative activity, is covered. The unit should qualify as MSME, as defined under MSMED Act 2006 and any amendments thereto. Udyam Registration Certificate is mandatory.
Eligibility
All types of Traders, Manufacturers/ processors/Servicing units/business units, who are registered under GST and carrying out any business activity. Proprietorship firms, LLPs, Companies engaged in trading/Service/ manufacturing activity and partnership firms (excluding a firm where HUF is partner) are eligible. In case of GST exempted categories, GST registration is not mandatory.
FACILITY
- Term Loan / Overdraft
Max Finance
10 CRORES
Margin
NIL- (Mortgage based loan)
RATE OF INTEREST
Attractive rate of interest based on RBLR
Loan Term
120 months