Benefits

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

• Overdraft

• 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

• 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)

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

• Waived

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

• Waived

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

• Concessional unified fee

• Digital renewal

• Zero margin requirement

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