Existing Businessmen Should have been in existence for at least two Years.( Existence of the units to be verified by the concerned Branch – through purchase bills related to the activity/ stocks of the unit or any other documentary proof- Copy of the same be kept on record)
Should not be availing any credit facility from any financial institution/ bank for existing business activity.
Borrowers’ residence/place of business establishment shall fall within the service area of the branch through which the loan is disbursed.
Outlook for the sector/s in which the firms are involved should not be negative.
Min: 10,000 (Rupees Ten Thousand only)
Max: 3,00,000 ( Rupees Three Lacs Only)
The permissible finance to be assessed purely on the need based working requirement of the unit, to be worked out by the business Unit with maximum quantum of 3.00 lacs.