Our exclusive and flagship credit scheme for Micro Small and Medium Enterprise (MSME) entails providing lower rate of interest for growing business units and offering them access to powerful banking services at a low rate of interest and quick processing and servicing both online and offline.
Current Buzzword in Banking Industry is “MSME Financing” after Government of India’s initiatives to step up credit flow to Small and Medium Enterprises through bringing out a new legislation named Micro, Small and Medium Enterprise Development (MSMED) Act 2006. Unlike large industries, which have access to various domestic and international sources of finance, MSMEs are dependent largely on Bank Credit. The banks are trying to outwit each other through aggressive promotional strategies to create a niche segment in MSME financing.
All the Terms and Conditions of this scheme are subject to change and sanctioning of the loans is at the sole discretion of the Bank. Goods & Service Tax (GST) on All Service Charges extra wherever applicable.
Click the link, Get the MCLR Rates of Interest to know more about the rates of interest charged for our MSME Loan Schemes.