• To meet working capital requirements of customers viz Kirana shops, sanitary units, plumbing units, electrical shops, hardware shops and medical stores etc., with simple documentation

•  Age : Individual(s) over 21 and below 60 years of age with steady source of Income including persons engaged in agriculture & allied activities.
• CIBIL Score: should not be less than 700.
• Account to be reviewed once in a year from the date of sanction
• Minimum 25% of annual turnover should be routed through CC account
•    Individuals, Proprietorship firms engaged in Trading and Services activity. 

Turnover Declaration Basis: Max : Rs.25,000/-

Permissible Loan Eligible amount is 25% of the Turnover declaration by applicant in self-declaration i.e., without IT returns

IT Return basis : Max : Rs.2.00 Lakhs

Eligible Loan amount is 25% of the Business Turnover declared in the latest IT return (Turnover declared in computation of income/trading/Income&Expence account not to be considered)

a) Licenses viz., Trade License, Certificate of Registration of Firm/unit.

b) PAN and Aadhaar details.

c) CIBIL report for both Firm/Unit as well individuals.

d) Latest ITR/Turn over declaration.

direct link to service charges

Hypothecation of stocks (Charge creation in CERSAI to be ensured)

The unit mandatorily to be covered under CGFMU