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Vyapaar Vriddhi - Micro Enterprise Loan
A large proportion of household incomes in rural India today come from non-farm vocations generated by millions of Micro Enterprises engaged in retail trade, small manufacturing and services activity. These small and micro enterprises today generate substantial income and employment for rural households. However, they form part of the “missing- middle” segment of the economy which is unserved or grossly underserved by the formal banking and financial sector. This has limited the growth of the large segment of micro enterprises.
At IDFC bank, we have a large focus on the micro-enterprise segment, helping them fulfil their financial needs and growth aspirations for their business and capital needs - providing timely loans to help them achieve their growth. These loans are without Collateral Security or a Third party guarantees.
So, for the financing needs of a growing micro-enterprise for working capital, expansion of current business facility/ premises and for those venturing into a new business, IDFC Bank’s Micro Enterprise Loan is a tailor made loan product to suit all financing needs of a small business.