PMMY (Pradhan Mantri Mudra Yojana)

PURPOSE

Lending to Micro enterprise in Manufracturing, Trading and Service Sector

ELIGIBILITY
  1. Individual, Proprietary concern, Partnership firm, Pvt Ltd Company, Public Company and any other legal firms and non firms enterprised engaged in Manufracturing, Trading and Service
  2. The Applicant should not be defaulter to any Financial Institution
LOAN AMOUNT
  1. Shishu: up to Rs. 50,000/-
  2. Kishor: Rs. 50,001/- to Rs. 5,00,000/-
  3. Tarun: Rs.5,00,001/- to Rs. 10,00,000/-
MARGIN
  1. Shishu: NIL
  2. Kishor & 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