Naini Udhyog Suvidha Scheme

Purpose

For Working Capital Requirement.

Eligibility:

Micro, Small and Medium Enterprises engaged in Manufacturing or Service sector (other than Retail trade) established in the line of business for a minimum period of 2 years and financed/proposed to be financed under sole banking arrangement.

Age :

Not Applicable

Maximum Amount of Finance :

Rs.500.00 lakhs

Margin :

40% on the value of immovable property mortgaged as collateral security.

Features :

Credit Facility in form of Overdraft.

Repayment period of 12months for OD (subject to annual review).