PRADHAN MANTRI MUDRA YOJANA

For setting up of New/upgrading existing micro business enterprises in the manufacturing, processing , trading and service sector and carrying out specified allied agriculture activities

Objective

To fund the unfunded and to bring the millions of units which are existing outside the formal banking fold and are unable to sustain or growth due to lack of finance or relying on informal channel which are expensive or unreliable.

Nature of Facility

Term Loan and/or working capital.

Quantum of loan

Maximum Rs. 10 lakhs

SECURITY

Primary

  • Asset create out by Bank finance
  • Personal guarantee of promoters/directors.

Collateral:

  • Nil
For more information
Please send ‘SME’ to 7669021290
Just give a missed call on 8010968334

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

Any Individual including women, proprietary concern, partnership firm, private limited company or any other entity are eligible applicant under PMMY Loans.

Margin

  • Up to Rs.50000: Nil
  • Above Rs.50000: Min: 15%
For more information
Please send ‘SME’ to 7669021290
Just give a missed call on 8010968334

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

As prescribed by the Bank for Micro accounts and activities allied to agriculture from time to time.

Repayment Period

Max: 36 months for Demand Loan and 84 months for Term Loan including moratorium period.

Processing & other charges

As per Extent Guidelines of the Bank.

For more information
Please send ‘SME’ to 7669021290
Just give a missed call on 8010968334

*Terms & Conditions apply. For further details, Please contact your Nearest Branch

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Pradhan-Mantri-Mudra-Yojana