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Vyapar Vriddhi Loan for Micro Enterprises allows the micro-entrepreneur to borrow without a requirement of any collateral, at a rate much lower than the other informal sources of financing.
Aims to reduce the demand-supply gap in the micro-enterprise segment which does not have access to funding from formal financial institutions
Provide timely loans to fulfil the financing requirements of micro entrprises
Product covers a wide range of enterprises that includes carpentry, masonry, small eateries, textile manufacturing units (handlooms and power looms), dairy, agri-allied businesses, retail and wholesale trades, among others.
Loan amount: Rs 25,000/- to Rs 5,00,000/-