Only new projects are eligible. Existing/old units are not eligible.

Registered under MSME (Udyam Adhar).

Only one person from a family (including self and spouse) is eligible.

Age: Above 18 years.

Minimum Educational Qualification: 8th Pass

Eligible Entities: Business owners, Entrepreneurs, MSMEs, Self Help Groups (SHGs)

Loan period ranges from 3 to 7 years depending on project type and category.

General Category – 10%, Special (SC/ST/OBC/Women/Minorities/Ex-Servicemen) – 5%.

General Category – Urban: 15%, Rural: 25%

Special Category – Urban: 25%, Rural: 35%

Up to Rs. 25 lakh – 10.50% (1% rebate applicable), Above Rs. 25 lakh – 12.50% Processing Fee: 1% of sanctioned amount

Project quotation/pro forma invoice.

Identity, age, residence proofs.

For self-employed: last 3 years Balance Sheet, P&L account, IT returns.

For salaried: salary slips, IT returns, consent for salary deduction.

Other documents: Vehicle forms, old vehicle RC/Tax/Insurance if applicable.