Purpose of Loan:
Working capital as well as Block Capital finance for the purpose of business in the form of overdraft or Term Loan.
If you are an existing trader/ business person/ service provider operating and earning profit for atleast two years, you may apply for the loan. If you are engaged in trade/ business/ service with any other activity like agriculture, manufacturing, construction or exports etc. you are also eligible for the scheme.
Quantum of Loan:
Credit line may be in the form of overdraft or term loan and credit limit from Rs.0.50 lakhs to Rs. 100 lakhs may be sanctioned under the scheme.
Rate of Interest:
Interest rate is BPLR + 0.75 i.e. 12.75% p. a.
Repayment of Loan:
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