Purpose

• To offer hassle-free digital finance to Micro and Small Enterprises (MSEs) engaged in manufacturing, trading, or services for income generation.

Target Group

• • Sole Proprietors / Individuals classified as MSEs

Type of Facility

• • Overdraft

Eligibility Criteria

• • Individual or Sole Proprietor with:
• • Active KYC-compliant Current/Savings account (12+ months) OR New/No Banking Relationship
• • Valid Udyam Registration Certificate
• • Age between 18 and 65 years
• • Not availing any fund-based revolving business loan (CC/OD) from any Bank/FI

Loan Amount

• • Up to Rs.25 lakh (upto Rs.10.00 lakh for projection based journey OR on the basis of credit summation in Saving A/cs)

Interest Rate

• • Competitive, linked to RLLR (Repo Rate) starting from 10.10%*

Collateral

• • Waived
• • Covered under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises)

Financial Documentation

• • Waived
• • For loans up to Rs.10 lakh (Projection-based): Sales, Purchase, and Expenditure details captured digitally.

Special Benefits

• • Concessional unified fee
• • Digital renewal
• • Zero margin requirement

Assessment Methods

• 1. Credit Summation-Based
• • 25% of total credits in the bank account over the last 12 months
• 2. Projection-Based
• • 20% of realistic accepted projected turnover