Objective: To provide hassle free credit to increase the flow of credit to individual entrepreneur for non-farm sector.
Nature of Facility: Both working capital and term loan facilities.
Eligibility: All non-farm entrepreneurs credit extended to individuals including new Customers (activity falls under Priority sector).
Quantum of loan
Rate of interest: 11.15% p.a.
Upto Rs 25000/- – Nil
Above Rs 25000/- – 20% (Working Capital/ Term Loan)
Tenure: Max 60 months including 6 month moratorium period in case of Term Loan.