Features
Maximum Sub Loan Amount Rs. 30 million (with grant) & Rs. 50 million (for non-grant)
Interest Rate based on loan tenor and customer risk rating.
Eligibility
Eligible Sectors
Registered Small or Medium-sized Enterprises (SMEs) with,
An annual turnover less than Rs. 750 million | Having less than 300 employees if in the manufacturing sector or less than 200 employees if in the service sector
Grant Eligibility - Women Entrepreneurs Finance Initiative - (We-Fi)
At least 51% of the ownership must be controlled by women. or Shall fulfil ALL (3) the following criteria.
At least 20% of the enterprise ownership must be controlled by women
A Woman is either the Chief Executive Officer (i.e., the most Senior Manager) OR Chief Operations Officer (i.e., the second most Senior Manager) and
At least 30% of the board members are women where a board exists
Documents Needed
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