Purpose & Target Group

• • Designed to provide hassle-free digital finance to Micro and Small Enterprises (MSEs).
• • Eligible borrowers: Individuals and Sole Proprietors engaged in manufacturing, trading, or services.

Eligibility Criteria

• • Valid Udyam Registration Certificate.
• • Borrower should not be availing any fund-based revolving business loan (CC/OD) from any Bank/FI.
• • Active, KYC-compliant operative account for the last 12 months (if limit is availed on credit summation basis).

Type of Facility

• • Overdraft facility for day-to-day working capital needs.
• • Term loan facility for acquisition of plant, machinery, equipment, vehicles, or creation of other business assets.

Loan Amount

• • Up to Rs.10.00 lakh.
• • If assessed on credit summation in current account, limit may extend up to Rs.25.00 lakh.

Repayment

• • Term Loan: Up to 7 years, including a maximum moratorium of 6 months.
• • Overdraft: 12 months, renewable annually.

Interest Rate

• • Competitive, linked to RLLR (Repo Rate).

Collateral

• • No collateral required.
• • Facility secured under CGTMSE guarantee coverage.

Assessment Methods

• • Credit Summation Based: 25% of total credits in the bank account over the last 12 months.
• • Projection Based: 20% of realistic, accepted projected turnover.
• • Term Loan: 75% of the asset value to be procured.