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.
Features
- 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
Credit Facilities
- Term Loan
- Working Capital Loan (including Overdraft), Short Term Loan, Demand Loan
