Siddhartha Mahila Udhyamshil Karja

Siddhartha Mahila Udhyamshil Karja

Siddhartha Mahila Udhyamshil Karja has been customized to extend credit facilities to promote small enterprises operated and led by women as per "Unified Guidelines,2075 for Interest Subsidy on Subsidized Loan".

Purpose: To extend credit facilities to promote small enterprises operated and led by women. Business such as agriculture, small and cottage industry, service sector and other value addition business etc.

Loan Limit

Up to 1.5 Million and sale up to Rs 5 Million

Credit facilities

• Term Loan
•  Working Capital Loan (including Overdraft), Short Term Loan, Demand Loan

Features

• Funded interest subsidized loan under interest subsidy scheme
• Fixed term loan up to 5 years including Moratorium Period up to 3 months.
• Financing up to 70% of Project cost/Working capital requirement. (financing up to 90% with additional collateral)
• Interest rate not exceeding 2% p.a. premium on base rate
• Loan Processing fee: Nil
• Credit Information charges Nil
• Prepayment charge: Nil
• Insurance Cost: Only 25% of premium amount to be borne by applicant
• Loan approval within 5 working days