Purpose
- Working capital finance for Traders.
- Working capital finance for manufactures.
- Working capital finance for Service providers
Eligibility
Who Can Apply :
- Individuals, Proprietorships, Partnership Firms, Companies, Trusts etc engaged in trading, manufacture activities.
- Entities engaged in contractor or sub-contractor activities under the MSME (Service) segment, as defined in the MSMED Act, 2006
- For new units, eligibility and credit limits will be assessed based on the size and projected turnover of the business.
Limit
Limit is sanctioned based on requirement and eligibility.
Margin
Based on the business type
Guarantee Coverage
CGTMSE/ CGFMU Coverage is available.
Repayment
Repayable on demand, continuation subject to annual renewal
Rate of Interest
Charges
