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 Rs.1.5 million
- Funded interest subsidized loan under the interest subsidy scheme
- Fixed term loan up to 5 years including a 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. the premium on the base rate
- Loan Processing fee: Nil
- Prepayment charge: Nil
- Insurance Cost: Only 25% of the premium amount to be borne by the applicant
- Loan approval within 5 working days
- Term Loan
- Working Capital Loan (including Overdraft), Short Term Loan, Demand Loan