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