PURPOSE

Lending to Micro enterprise in Manufacturing, Trading and service Sector

ELIGIBILITY

Individual ,Proprietary concern,Partnership firm,Pvt ,Ltd company ,Public company and any other legal forms-Non Firm enterprises engaged in Manufacturing, Trading and Services

The applicant should not be defaulter to any bank or financial institution

LOAN AMOUNT

Shishu :up to ₹ 50,000/-

Kishore :up to ₹ 50,001/- to ₹ 500,000/-

Tarun :up to ₹ 5,00,001/- to ₹ 10,00,000/-

MARGIN

Shishu - NIL

Kishore & Tarun - Min 15% incase of TL and Min .25% incase of WC Finance

INTEREST RATE

As prescribed by the Bank. interest will be applied on monthly compounding basis