Purpose
To provide financial aid to street vendors during the situation of COVID-19 pandemic. This scheme will be available to all vendors engaged in vending in urban areas
Eligibility
After keeping minimum repayment period of 6 months of 2nd loan, to be eligible for the next cycle of loan with enhanced limit. If repays the loan earlier, then wait till the minimum repayment period fixed for the loan before.
Nature of Facility
-
TL
Max Finance
Upto Rs 50,000/-
Margin
NIL
Interest Rate
Attractive rate of interest based on RBLR.
Loan Term
36 Months