| This loan scheme is for micro, small & medium enterprises in manufacturing, services and marketing sectors and for those purchasing Electric Vehicles including two wheelers and bus owners. |
| Loan limit |
Maximum of Rs. 5 lakh only. (Small scale traders & bus owners – up to Rs. 2 lakh only) |
| Repayment period |
- Term Loan- 60 months
- Working Capital: one year
- The account can be reviewed annually.
|
| Age |
Minimum age of 18 years and under any circumstances the repayment period should not exceed the day on which the applicant attains age of 70 years |
| Nature of Facility |
Term Loan and / or Working capital or both |
