1. Purpose:   Business purpose, capacity expansion, modernization including all activities covered under MSMED act 2006 and amendment thereon and Activities allied to agriculture.
  2. Nature of Facility: Fund Based
  3. Type of Loan:   Working Capital (CC and CC-dropline) and term loan
  4. Eligibility:
    1. All “non-farm enterprises” engaged in manufacturing, trading and services whose credit needs are up to ₹ 20.00 Lakhs under “Micro enterprises”.
    2. “Activities allied to agriculture” e.g. Pisciculture, Bee-keeping, poultry, livestock, rearing, sorting, grading, dairy etc.
  5. Eligible borrowers:
    1. Individuals including farmer, Proprietary, Partnership, LLP, Private ltd, Public company and any other fulfilling the eligibility criteria under the different schemes covered under PMMY.
    2. Obtention of Udhyam Registration is mandatory.
  6. Quantum of loan:    Maximum loan amount up to ₹ 20.00 Lakhs
    1. Loans up to ₹ 50000/- SHISHU
    2. Loans above ₹ 50000 and up to ₹ 500000- KISHORE.
    3. Loans above ₹ 500000 and up to ₹ 1000000- TARUN
    4. Loans above ₹ 1000000 and up to ₹ 2000000- TARUN PLUS (Eligibility under TARUN PLUS is subject to successful repayment of previous loans under “Tarun” category).
  7. Interest Rate: 11.50% per anum
  8. Margin:  
    1. Up to ₹ 50000/- NIL
    2. Above ₹ 50000 /- :25%
  9. Repayment:
    Working Capital.
    1. Upto Rs. 10.00 Lacs: Maximum 3 years
    2. More than Rs. 10.00 lacs: 1 Year
    Term Loan:
    1. Term Loan up to Rs. 5.00 Lakhs :- Maximum 60 months
    2. Term Loan More than 5.00 Lakhs :- Max 84 Months
    (Moratorium of up to 6 months can be provided).