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Features and Benefits

To provide timely, hassle-free and adequate credit delivery to MSME clients for Working Capital Requirements.

Eligibility and Terms

• All MSME units run by Individuals / HUFs, Proprietary Concerns, Partnership Firms, Limited Companies
• MSME units engaged in manufacturing/trading/service activity with Udyam Registration.
• The unit must be registered with GST Authority.
• The unit must have completed at least a year of operation since inception and drawn financial statements for the said completed FY which have been audited
Margin:
• Working Capital – 20%
Quantum of Credit :
• Minimum Rs.50.00 lakh Maximum Rs.500.00 lakh (aggregate of FB & NFB limit).
Repayment :
• One year, subject to renewal every year well before the due date.

Interest and Fees

Interest :

Click here to know the Rates of Interest for loans.

Fees & Charges:
• Cash credit / Overdraft: 0.50% of the OD Limit + GST.
• For renewals: 0.25% of the Limit + GST.