Product Detail
To increase the flow of credit to individuals for entrepreneurial activity in the non-farm sector.
Eligibility
- Individuals engaged in the entrepreneurial activity in the non-farm sector, , which is eligible for classification under the priority sector guidelines
- Loan facility under General Credit Card (GCC) should, however, not be extended to ACC, WCC borrowers.
- The borrowers should not have been loan defaulter at any bank/ branch.
Quantum Of Finance
Maximum of 
1.00 lacs.
Repayment
Maximum: 60 months including maximum moratorium period of 03 months.
Classification
Micro Enterprise.
Margin
Upto 50,000: No margin is required for loans.
Above 50,000 and upto 1.00 lac: 10%.
For working capital: 20%.
Security
PRIMARY: Hypothecation of all the assets financed.
COLLATERAL: Nil.
Rate of Interest (Subject To Change)
RLLR+1.00%
Nature of Facility
Both working capital and term loan.
