Purpose: To meet the short-term and long-term credit requirements of micro and small business units.

Who can apply: Individuals or proprietorships engaged in:

• Small manufacturing activities
• Professional services
• Other eligible service-related enterprises

Documents Required:

• Mandatory Udyam Aadhaar Registration
• Applicant must hold an existing savings or current account with our Bank for:
  • At least 6 months for loans up to ₹2 lakh
  • At least 1 year for loans above ₹2 lakh
• Income Tax Return (ITR) form 3 or 4 for loans exceeding ₹2 lakh
• Quotation above ₹50,000

Security: The loan account shall be covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.

Loan Amount: Up to ₹25 lakh per customer

Interest Rates

Current RBLR: 8.50% (subject to change as per Bank guidelines)

Processing Fee

• No processing charges for loans up to ₹5 lakh
• For loans above ₹5 lakh, 0.25% of the loan amount + GST

Documentation Charges: ₹2,500 applicable for loans above ₹2 lakh

API Charges: ₹100 + GST

CGTMSE Charges: As applicable under the prevailing CGTMSE norms

Note: The interest rates and charges mentioned above are indicative and may vary at the time of loan processing, as per Bank policy.