SME Saral Loan Scheme
All the business units who wish to avail loan for manufacturing and service activities are covered under this scheme. In this scheme customer can avail both Fund based and Non-fund based facility. Customer can avail loan for Working Capital, fixed assets needed for business purpose, Capacity expansion, modernization, technology up-gradation etc.
- Eligible Customers: All the business units covered under MSMED Act 2006 & wholesale and Retails Trade.
- Type of facility: To meet the Working Capital and/or Term Loan requirement of the firm/Company.
- Purpose: To purchase plant & machinery, Equipments, Construction, working capital requirement.
- Quantum of Finance: Minimum Rs. 10.00 lacs and maximum of Rs. 500.00 lacs.
- Interest Rate: available @8.40% onwards.
- Repayment of term loan is permitted for maximum of 84 Months.