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This facility is targeted at Small
and Medium Sized Enterprises (SME) to meet their working
capital requirements or to finance capital expenditures.
We have a full-fledged SME cell to cater to the financing
need of these small business enterprises. SMEs can
now supplement entrepreneur’s investments to
start a small business or achieve growth in capacity
by borrowing funds from us. The features of our SME
Loan is as follows:
- ·Small and medium scale commercial enterprises
with annual turnovers below a threshold (determined
from time to time by the Bank) are eligible to avail
this facility
- Financing upto 60% of net working capital or
capital expenditure requirements
- Quick decision on the loan application
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