- Individuals/ Self-employed professionals [Firms / Companies or any other legal entity engaged in manufacturing / Service Trading are eligible to be financed under the scheme.
- New or existing units can be considered under the scheme.
- Net worth of the borrower/s shall be positive
- Take over loans are permitted under the scheme.
- Borrowers enjoying other credit facilities with other Banks/FIs can also be covered under the scheme. However, it will be ensured that same asset is not already financed.
- Businesses filing GST returns shall be most preferred
- Individuals- Minimum Age 24. Maximum Age at the end of loan tenor shall not exceed 70 Years.
- Others: Minimum 2-year Business vintage
- Turnover and profit should have a positive trend for the past two years.
- Specific exclusions:
- Real Estate
- Jewellery
- Capital Market
- Activities of speculative nature.
- Bar & Restaurant.
- Rented residence cum office profiles.
- Specific exclusions: