Eligibility

• Manufacturing Sector
  Micro Enterprises - Investment in Plant & Machinery does not exceed Rs. 25 lakhs
  
  Small Enterprises - Investment in Plant & Machinery is more than Rs. 25 Lakhs but does not exceed Rs. 5 Crs
• Service Sector
  Micro Enterprises - Investment in Equipment does not exceed Rs. 10 lakhs
  
  Small Enterprises - Investment in Equipment is more than Rs.10 Lakhs but does not exceed Rs. 2 Crs
• Applicant should be:
  1. Member of the Bank
  2. GST Registered
  3. Possess an Udyog Aadhaar Registration
  4. Established for a minimum period of Three years (evidenced by the submission of the last three years audited financials)

Quantum

Manufacturing Sector: Rs 10 Crs

Service Sector: Rs 5 Crs

Repayment Period

For Term Loans - Maximum 84 months (inclusive of moratorium if any)

For Cash Credit Facilities - On demand (Renewable every year)

Security

• Primary Security:
  For Term Loans - Hypothecation / Mortgage of Asset being financed
  For Cash Credit Facilities - Hypothecation of Stock and Book Debts and other Current Assets
  
• Collateral Security:
  Mortgage Security Coverage of a minimum of 75%.