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Objective
- To finance the purchase of raw materials (both indigenous and imported) against the security of a bank guarantee.
Key Benefits
- Financial assistance provided for procurement of raw materials (indigenous and imported) with credit support upto 180 days.
- Rates of interest vary between 7.5% to 9% for Micro, Small and Medium sized enterprises.
- Processing fee is 1% per annum for new sanctions; for renewals, 0.5% for micro units and 1% for small and medium units.
- Maximum limit is ₹10 lakh for manufacturing units, ₹6 lakh for service units, and ₹500 lakh for infrastructure units.
Eligibility Criteria
- The applicant must be an MSME with valid Udyam and GST registrations, and submit documents like auditor’s certificate, owner ID proof, utility bills, and IT returns for evaluation.
How to Apply / Office To Contact
How to Apply / Office To Contact
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