Purpose
The scheme is available to cover credit facility to eligible borrowers both manufacturing and services sector under non-farm activities and whose financial requirement is upto Rs.10 lacs.
Eligibility
Units covered under Mudra, Micro units may be termed as Individuals/proprietorship/partner-ship firms/company running as small manufacturing units, shop keepers, fruits/vegetable seller, hair cutting salon, beauty parlours, transporters, truck operators, hawkers, co-operative or body of individuals, food service units, repair shops, machine operators, small industries, Artisans, food processors, Self Help group, professional and service providers etc in Rural and Urban areas. Udyam Registration Certificate is mandatory
Nature of Facility
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WC / TL
Max Finance
Upto Rs 10 lacs
Margin
Upto 25%
Interest Rate
Attractive rate of interest based on RBLR.
Loan Term
84 Months