Purpose / Type of Facility

Working Capital Term Loan (WCTL) to support street vendors.

Eligibility

Street vendors vending in various city-regions having minimum age 18 years

Loan Amount & Tenure

• 1st Tranche: Up to Rs.15000 | Tenure: 12 months

• 2nd Tranche: Up to Rs.25000 | Tenure: 18 months

• 3rd Tranche: Up to Rs.50000 | Tenure: 36 months

On timely or early repayment of a tranche, the vendors will be eligible for the next tranche of working capital term loan with enhanced limit.

Margin

Nill

Limit Assessment

Based on applicant’s request, within scheme limits for each tranche

Rate of Interest

Linked to RLLR, starting from 10.25% p.a.

Key Features

• No Margin Requirement

• No Collateral

• No processing fees/Documentation charges

• UPI Linked Credit Card having maximum limit of Rs. 30,000/- for borrowers who are eligible for 3rd tranche with starting limit of Rs.10,000/- and having validity of 5 years.

Incentive for Digital Transaction-

• Any inward and outward digital transaction – up to Rs.100 per month (Rs.1 per transaction) with maximum cashback of Rs.1,200 per year in each tranche.

• Wholesale digital purchases – up to Rs.100 per quarter (@ Rs.20 per transaction for 5 such transactions) for 4 quarters for conducting digital transactions on wholesale purchases of at least Rs.2,000, with a maximum cashback of Rs.400 per year.