To increase the flow of credit to individuals for entrepreneurial activity in the non-farm sector.
Both working capital and term loan.
- Individuals engaged in the entrepreneurial activity in the non-farm sector, , which is eligible for classification under the priority sector guidelines
- Loan facility under General Credit Card (GCC) should, however, not be extended to ACC, WCC borrowers.
- The borrowers should not have been loan defaulter at any bank/ branch.
Maximum of 1.00 lacs.
Maximum: 60 months including maximum moratorium period of 03 months.
Upto 50,000: No margin is required for loans.
Above 50,000 and upto 1.00 lac: 10%.
For working capital: 20%.
PRIMARY: Hypothecation of all the assets financed.