Features

Loan Range: Rs. 30,000 – Rs.80,000
Loan Tenure:  2 Years
Repayment Mode:  Monthly
Interest rate: 26 % per annum (diminishing)
Processing fee: 1% of loan amount including GST
Methodology: JLG of 5  to 10 members

Purpose

Provides financial  assistance to self-employed   men & women to support 

 their  business enterprises,   such as:

  • Increase in working capital
  • Purchase of fixed assets
  • Expansion & Improvement in business

Terms & Conditions

Interest Rate:  26 % per annum (diminishing)
Processing fee: 1% of loan amount including GST
Insurance Fee: 12.50  Rupees*Loan Amount /Thousand
Prepayment Penalty: No charges
Late Payment Fee: No charges