• Cash Credit / Overdraft - To meet Working Capital requirements
• Term Loan - To meet capital expenditure including purchase of equipment / furniture or any such business requirements
• For setting up of new/upgrading existing Micro business enterprises in the manufacturing, processing, trading and service sector and carrying out activities allied to agriculture, financing to weavers and artisans (income generating activity)

• Any individual including women
• Proprietary concern
• Partnership firm
• Private limited company or any other entity are eligible applicant under PMMY loans

Limit

Term Loan and/or Working Capital up to maximum Rs.10 lakhs under the following categories

• SHISHU : Loans sanctioned under the scheme up to Rs.50000
• KISHORE : Loans sanctioned under the scheme from Rs.50001 to Rs.5.00 lacs
• TARUN : Loans sanctioned under the scheme from Rs.5,00,001 to Rs.10.00 lacs

Margin

• For SHISHU - Nil
• For KISHORE & TARUN Schemes - 15% margin needs to be invested.
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• Hypothecation of assets created out of the Bank’s finance.
• No collateral security is required
• All eligible activity would be covered under the guarantee cover under ‘Credit Guarantee Fund for Micro Units’.

• Maximum of 36 months for demand Loans
• Interest to be serviced as and when charged.
• Maximum 84 months for term loans(including moratorium period, if any).

• Please visit Loan Interest Rates page for details