- Finance for agricultural investment activities.
- May cover plantation and horticulture.
- May cover minor irrigation.
- May cover land development.
- May cover agricultural implements/assets.
- Term Loan facility.
- Repayment is aligned with income generation from the activity.
- Repayment may be quarterly/half-yearly/yearly depending upon the activity.
- Farmers.
- Agricultural labourers.
- Eligible individuals.
- Eligible SHGs/JLGs.
- Applicant should have a viable agricultural activity.
- Adequate repayment capacity should be available.
- Up to ₹50,000 - 9.50% p.a.
- Above ₹50,000 to ₹2 lakh - 10.50% p.a.
- Above ₹2 lakh to ₹5 lakh - 11.50% p.a.
- Above ₹5 lakh to ₹10 lakh - 12.00% p.a.
- Above ₹10 lakh - 12.00% p.a.
- Processing Fee - Nil.
- Prepayment Charges - Nil.
- KYC documents.
- Landholding/land record/occupation proof.
- Project/activity details.
- Quotations for machinery/assets, wherever applicable.
- Documents relating to proposed security, wherever applicable.
- Other activity-specific documents.
- Interest is generally applied at annual rests as per scheme norms.
- Units financed are required to be insured with a registered insurance company.
- Repayment period is based on activity and income generation.
- Grace/gestation period may be considered as per activity.
- Finance for dairy activities.
- Finance for poultry.
- Finance for piggery.
- Finance for goatery.
- Finance for duckery.
- Finance for fisheries.
- Finance for other eligible allied agricultural activities.
- Term Loan facility.
- Loan amount is based on actual requirement, unit cost, landholding and Scale of Finance.
- Individuals singly or jointly.
- Farmers.
- Agricultural labourers.
- SHGs.
- JLGs.
- Minimum age - 21 years.
- Maximum age - 65 years.
- Viable allied activity and adequate repayment capacity required.
- Up to ₹50,000 - 9.50% p.a.
- Above ₹50,000 to ₹2 lakh - 10.50% p.a.
- Above ₹2 lakh to ₹5 lakh - 11.50% p.a.
- Above ₹5 lakh to ₹10 lakh - 12.00% p.a.
- Above ₹10 lakh - 12.00% p.a.
- Processing Fee - Nil.
- Prepayment Charges - Nil.
- KYC documents.
- Land/activity proof, wherever applicable.
- Project report/activity details.
- Quotations for livestock/equipment/assets.
- Other documents relevant to the proposed activity.
- Assets/livestock financed should be appropriately insured.
- Repayment is linked to income generation of the activity.
- Moratorium may be considered depending on the nature of activity.
- Purchase of tractors.
- Purchase of power tillers.
- Purchase of eligible implements.
- Finance based on actual cost supported by quotation/invoice.
- No fixed minimum or maximum loan amount.
- Minimum margin - 15%.
- Maximum moratorium - 1 year.
- Maximum repayment - 9 years for tractors.
- Maximum repayment - 7 years for power tillers.
- Farmers.
- Agricultural labourers.
- SHGs.
- JLGs.
- Tractor: minimum productive utilisation of 1,000 hours/year.
- Power tiller: minimum productive utilisation of 600 hours/year.
- At least 50% utilisation should generally be on own land.
- Indicative landholding: 8 acres irrigated for tractor and 5 acres irrigated for power tiller.
- Interest - 9.50% to 12.00% p.a., depending on applicable agricultural loan slab.
- Processing Fee - Not applicable.
- Prepayment Charges - Not applicable.
- Interest is generally applied at annual rests.
- Overdue instalments may attract applicable charges.
- KYC documents.
- Landholding proof.
- Dealer quotation/proforma invoice.
- Details of proposed agricultural use/custom hiring.
- Other documents required for vehicle registration/security.
- Tractor/power tiller must be registered with competent transport authority.
- Bank's charge should be recorded with the authority.
- Financed assets are required to be insured.
- For loans above ₹1 lakh, additional collateral/security may be required.
- Finance for purchase of agricultural land.
- Eligible development expenses may be financed.
- Minimum loan - ₹25,000.
- Maximum loan - ₹5 lakh.
- Minimum margin - 5%.
- Term Loan facility.
- Repayment is linked to agricultural income.
- Small farmers.
- Marginal farmers.
- Sharecroppers.
- Tenant farmers.
- Existing and proposed landholding should remain within prescribed limits.
- Applicant should have adequate repayment capacity.
- Up to ₹50,000 - 9.50% p.a.
- Above ₹50,000 to ₹2 lakh - 10.50% p.a.
- Above ₹2 lakh to ₹5 lakh - 11.50% p.a.
- Processing Fee - Nil.
- Prepayment Charges - Nil.
- KYC documents.
- Existing landholding records.
- Proposed land title documents.
- Sale agreement/deed.
- Valuation documents.
- Applicable NOC/non-encumbrance/security documents.
- Land should be used for agricultural/allied agricultural purposes.
- Legal title should be acceptable to the Bank.
- Repayment should be supported by expected agricultural income.
- Group-based agricultural/allied agricultural finance.
- Bank may finance individuals within a JLG.
- Bank may also finance the JLG as a group.
- No fixed minimum/maximum loan amount.
- Loan is based on assessed credit requirement.
- Margin up to ₹1 lakh - Nil.
- Margin above ₹1 lakh - minimum 15%.
- Processing Fee - Nil.
- Prepayment Charges - Nil.
- Members should have similar socio-economic background.
- Members should normally reside in the same village/locality.
- Members should know and trust each other.
- Persons who have defaulted with formal financial institutions are not eligible.
- More than one member of the same family should not normally be included.
- Members should undertake eligible agricultural/allied activities.
- Interest - As applicable to the underlying agricultural/allied activity.
- For agricultural activities, applicable agricultural slab will apply.
- Processing Fee - Nil.
- Prepayment Charges - Nil.
- KYC of all members.
- JLG/group formation details.
- Agricultural/activity details.
- Land/occupation proof, wherever applicable.
- Other documents required for underlying activity.
- Members are jointly and severally liable.
- Group guarantee forms part of security.
- Crop/personal accident insurance may be applicable as per Bank norms.
- JLG farmer lending is treated as Direct Agricultural Advance under Priority Sector.
- Working capital finance.
- Purchase of tools/equipment.
- Cash Credit facility.
- Maximum finance - ₹1 lakh.
- Nil collateral security.
- New and existing units can be financed.
- Revolving cash-credit component can be reviewed annually.
- Tool/equipment component may have separate repayment.
- Small businessmen.
- Entrepreneurs.
- Artisans in service/manufacturing sectors.
- Minimum 60% score under simplified MRB credit scoring.
- Preference to eligible handicraft artisans.
- Existing satisfactory borrowers with limits up to ₹50,000 may also be eligible.
- Up to ₹50,000 - applicable SME slab: 11.00% p.a..
- Above ₹50,000 to ₹1 lakh - applicable SME slab: 11.50% p.a..
- Margin up to ₹30,000 - Nil.
- Above ₹30,000 to ₹1 lakh - 20%.
- Processing Fee - As applicable.
- Review/Renewal Fee - Nil.
- KYC documents.
- Business/activity proof.
- Udyam Registration, wherever applicable.
- Equipment/tool quotations.
- Business/income details.
- Existing account details, where applicable.
- Primary security is hypothecation of financed assets.
- No collateral security.
- Valid for 3 years subject to satisfactory conduct.
- Eligible handicraft artisans may receive applicable insurance/guarantee benefits.
- Cash Credit facility.
- Term Loan facility.
- Working capital requirements.
- Fixed asset requirements.
- Applicable for small business/MSME units.
- Assessment based on business activity, turnover, cash flow and repayment capacity.
- Udyam Registration is applicable for MSME classification.
- Eligible micro/small business units.
- Traders.
- Service enterprises.
- Manufacturing enterprises.
- Professionals/self-employed persons, where applicable.
- Satisfactory credit history and repayment capacity required.
- SME slabs:
- Up to ₹50,000 - 11.00% p.a.
- Above ₹50,000 to ₹2 lakh - 11.50% p.a.
- Above ₹2 lakh to ₹5 lakh - 12.00% p.a.
- Above ₹5 lakh to ₹10 lakh - 12.50% p.a.
- Above ₹10 lakh - 12.50% p.a.
- KYC documents.
- Udyam Registration.
- Business/trading licence, wherever applicable.
- GST Registration, wherever applicable.
- Income Tax documents, wherever applicable.
- Bank statements.
- Financial statements/projected financials depending on loan size.
- Rent agreement, where premises are rented.
- Other business/security documents as applicable.
- Credit scoring applies.
- CIBIL report is obtained.
- Pre-sanction inspection is applicable.
- Documentation varies according to loan amount and facility type.
- Term Loan tenure upto 10 years
- 10% margin for borrowers with long standing relationship with bank and established track records
- Purchase of new shop/office.
- Purchase of existing/old shop/office.
- Renovation and expansion.
- Modernisation.
- Dealership/showroom.
- Service/training centre.
- Purchase of furniture/fixtures.
- Maximum loan - ₹20 lakh.
- Term Loan facility.
- Individuals.
- Proprietorships.
- Partnership firms.
- Trusts.
- Eligible franchisees/business entities.
- Adequate repayment capacity required.
- Up to ₹50,000 - 11.00% p.a. where SME slab is applicable.
- Above ₹50,000 to ₹2 lakh - 11.50% p.a..
- Above ₹2 lakh to ₹5 lakh - 12.00% p.a..
- Above ₹5 lakh to ₹10 lakh - 12.50% p.a..
- Above ₹10 lakh - 12.50% p.a..
- Margin - 25% for new property.
- Margin - 40% for old property.
- Processing Fee - As applicable.
- KYC documents.
- Business proof.
- Property title documents.
- Sale/purchase agreement.
- Valuation report.
- Quotations for assets/furniture, wherever applicable.
- Udyam Registration, wherever applicable.
- Lease/NOC documents, wherever applicable.
- Property must satisfy legal/technical requirements.
- Security will be as per Bank norms.
- Repayment is based on assessed cash flow.
- Purchase of land for school/playground.
- Construction of school building.
- Construction of auditorium.
- Repair/renovation.
- Computers and related equipment.
- Books/manuals/software.
- Laboratory equipment.
- Furniture/fixtures.
- Sports equipment.
- School buses.
- Term Loan facility.
- No fixed maximum loan cap under scheme.
- Government-aided schools/colleges.
- Private schools/colleges.
- Schools/colleges run by trusts of good standing.
- Eligible technical institutions.
- Credit score requirement applies.
- Loans of ₹25 lakh and above require applicable MRB scoring/rating.
- Up to ₹50,000 - 11.00% p.a..
- Above ₹50,000 to ₹2 lakh - 11.50% p.a..
- Above ₹2 lakh to ₹5 lakh - 12.00% p.a..
- Above ₹5 lakh to ₹10 lakh - 12.50% p.a..
- Above ₹10 lakh - 12.50% p.a..
- Margin - 20%.
- Processing Fee - As applicable.
- KYC of promoters/trustees.
- Registration/recognition documents.
- Trust/Society documents.
- Resolution authorising borrowing.
- Project report/estimates.
- Financial statements.
- Property/security documents.
- Other institution-specific documents.
- Repayment up to 36/60/84 EMIs depending on loan amount.
- DSCR should meet prescribed norms.
- Construction disbursement may be stage-wise.
- Supplier payment may be made directly by Bank.
- Purchase of medical equipment.
- Setting up clinics.
- Nursing homes.
- Pathology laboratories.
- Drug stores.
- Expansion/modernisation of medical establishments.
- Term Loan/eligible MSME facility.
- Equipment and infrastructure finance.
- Qualified medical practitioners.
- Eligible medical professionals with recognised qualifications.
- Eligible proprietorships/partnerships/other medical entities.
- Satisfactory credit profile and repayment capacity required.
- Up to ₹50,000 - 11.00% p.a..
- Above ₹50,000 to ₹2 lakh - 11.50% p.a..
- Above ₹2 lakh to ₹5 lakh - 12.00% p.a..
- Above ₹5 lakh to ₹10 lakh - 12.50% p.a..
- Above ₹10 lakh - 12.50% p.a..
- Other charges - As applicable.
- KYC documents.
- Medical qualification/registration certificate.
- Practice/business proof.
- Project report.
- Equipment quotations.
- Financial/income documents.
- Property/security documents, wherever applicable.
- Assets financed should be appropriately insured.
- Repayment is based on cash-flow assessment.
- Applicable DSCR and security norms apply.
- Working capital finance.
- Fixed asset acquisition.
- Expansion.
- Modernisation.
- Term Loan/Cash Credit facility.
- Loan amount: ₹50 lakh to ₹13 crore.
- Finance is backed by eligible immovable property.
- LTV restricted to 65% of realizable value of eligible collateral.
- Eligible MSMEs/business units.
- Traders.
- Professionals/self-employed persons.
- Eligible existing/new units as per scheme.
- Satisfactory credit history.
- Adequate cash flow to service loan required.
- Udyam Registration required for Priority Sector classification, where applicable.
- Interest - 11.50% p.a..
- Processing/upfront charges - As per applicable Bank instructions.
- Other service charges - As applicable.
- GST/service tax - Wherever applicable.
- Penal charges - As applicable in case of irregularity.
- KYC documents.
- Udyam Registration.
- Financial statements.
- ITRs.
- Bank statements.
- Business proof.
- Property Registered title documents.
- Valuation/security documents.
- Cash-flow/projected financial information.
- Title investigation search report
- Term Loan tenure can extend up to 180 months.
- End-use verification is mandatory.
- Transactions relating to financed activity should be routed through the loan account.
- Insurance of financed assets/property is applicable.
- One ABL per property, subject to prescribed conditions.
- Commercial Real Estate is specifically excluded.
- Purchase of plot and construction of house.
- KYC documents.
- Purchase of land for construction.
- Purchase/construction of new house.
- Purchase of existing house.
- Extension of existing house.
- Repair/renovation.
- Eligible furnishing/consumer durables within prescribed limit.
- Reimbursement of eligible expenditure incurred during preceding 12 months.
- Eligible home-loan takeover.
- Individuals aged 18 years and above.
- Steady source of income required.
- Agriculturists may also be eligible.
- Maximum 3 co-borrowers including spouse/children/parents/siblings.
- Income and EMI/NMI norms apply.
- Satisfactory credit history required.
- Interest - Upto Rs. 25 lakh: 8%
- Processing Fee: As per applicable Bank circular.
- Other charges: As applicable.
- Penal interest/charges: As per prevailing Bank instructions.
- Applicable housing-loan charges are subject to revision.
- Income/salary proof.
- Bank statements.
- ITR/Form 16, wherever applicable.
- Sale/title deed.
- Sale agreement.
- Approved building plan.
- Construction permission.
- Valuation/estimate.
- Non-encumbrance/Title investigationsearch report.
- Applicable NOCs.
- Property insurance required.
- EMI/NMI and LTV norms apply.
- Takeover is subject to applicable takeover norms.
- No guarantor required for salaried class
- House construction finance.
- Purchase of house.
- Purchase of plot with existing house.
- Separate facility/slab for land purchase.
- Housing finance subject to LTV/EMI-NMI and appraisal norms.
- Property due diligence is mandatory.
- Housing Loan Scoring Model is applicable.
- Individual applicants satisfying housing-loan norms.
- Adequate regular income required.
- Satisfactory repayment capacity required.
- Property should have acceptable title.
- Property should be legally/technically acceptable to Bank.
- House construction / purchase of plot with existing house:
- Up to ₹25 lakh - 8.00% p.a.
- ₹25,00,001-₹50 lakh - 8.15% p.a.
- Above ₹50 lakh - 8.25% p.a.
- Land Purchase:
- Up to ₹25 lakh - 8.25% p.a.
- ₹25,00,001-₹50 lakh - 8.35% p.a.
- Above ₹50 lakh - 8.50% p.a.
- Processing Fee - As per applicable Bank norms.
- KYC documents.
- Sale/title deed.
- Registered sale agreement.
- Sale and purchase agreement for ready-built house.
- Land valuation certificate.
- Bank-approved valuation report.
- Recent non-encumbrance certificate.
- Building plan/drawing and construction estimate.
- Construction permission.
- NOC for construction/mortgage.
- Title Investigation Report/legal documents.
- Applicable KHADC/JHADC/GHADC/Revenue documents.
- Vlauation report on existing building
- Salary certificate cum service confirmation and bank statementITR return/Balance Sheet/Income statement.
- For Jaintia Hills, applicable JHADC land-holding/title documents may be required.
- For Garo Hills, applicable GHADC/Revenue documents may be required.
- Legal and technical verification applies.
- No guarantor required for salaried class
- Construction of new house.
- Purchase of existing house.
- Extension of existing house.
- Repair/renovation.
- Reimbursement of eligible investment made during preceding 12 months.
- Eligible takeover of home loan.
- Loan amount ₹10 lakh to ₹20 lakh.
- Term Loan facility.
- Tenure up to 30 years subject to applicable age/repayment conditions.
- Only permanent Meghalaya State Government employees.
- Minimum 5 years of confirmed service.
- Spouse/children/parents/siblings may join as co-borrowers.
- Maximum 3 co-borrowers including applicant.
- Income/EMI-NMI norms apply.
- Satisfactory conduct of existing loans required for eligible cases.
- Interest - 8.00% p.a. fixed.
- Processing Fee - 0.25% of loan amount.
- Minimum Processing Fee - ₹1,000.
- Takeover - Nil processing fee.
- Penal interest on qualifying irregularity - 2% p.a. over applicable rate on overdue amount, as specified in scheme.
- Completed loan application.
- Passport-size photographs.
- Government identity card.
- KYC/identity proof.
- Current address proof.
- Six-month bank statement/passbook.
- Current salary slip/salary certificate.
- Form 16/ITR, wherever applicable.
- Property/title documents.
- Approved plan and construction permission, where applicable.
- Applicable NOCs.
- State Government guarantee applies.
- LTV generally 90%/margin 10% as per scheme.
- Maximum repayment age generally 70 years.
- Property insurance required.
- Personal finance for eligible general requirements.
- Marriage/family functions.
- Education expenses.
- Eligible asset-purchase margin.
- Other legitimate personal requirements.
- Salary check-off facility.
- Eligible permanent Government employees.
- PSU/corporate employees.
- Eligible private/reputed establishments.
- Eligible schools/colleges and other establishments.
- Minimum service and income requirements as per Bank norms.
- Adequate repayment capacity required.
- Up to ₹20 lakh - 12.00% p.a.
- Above ₹20 lakh to ₹30 lakh - 12.50% p.a.
- Other charges - As applicable.
- Applicable processing/other charges subject to Bank's extant instructions.
- KYC documents.
- Latest salary slip/salary certificate.
- Employer/check-off undertaking/authority.
- Bank statement, wherever required.
- Other income/service documents as applicable.
- EMI is deducted from salary under check-off arrangement.
- EMI/NMI norms apply.
- Credit history is considered.
- Loan purpose must be legitimate and acceptable.
- Maximum tenure 7 years
- Marriage expenses.
- Family functions.
- Medical expenses.
- Education expenses.
- Travel expenses.
- Consumer requirements.
- Other legitimate personal requirements.
- Speculative purposes are excluded.
- Eligible salaried persons.
- Eligible self-employed persons.
- Business persons.
- Agricultural/allied activity borrowers where permitted.
- Regular income required.
- Adequate repayment capacity required.
- Interest - 12.75% p.a..
- Other applicable charges - As per Bank norms.
- Penal/overdue charges - As applicable.
- KYC documents.
- Salary/income proof.
- Bank statements.
- Employment/business proof.
- Other documents relating to repayment/security as applicable.
- No salary check-off arrangement.
- EMI/NMI norms apply.
- Credit history is considered.
- Loan purpose must be legitimate and acceptable.
- Maximum tenure 7 years
- Finance against rental income.
- Applicable to residential/commercial properties.
- Minimum loan - ₹50,000.
- Maximum loan - ₹1 crore.
- Term Loan facility.
- Margin - 15%.
- Loan quantum up to 85% of eligible monthly rent within residual lease period or maximum 7 years, whichever is earlier.
- Maximum moratorium - 3 months.
- Owners of residential properties.
- Owners of commercial properties.
- Property should be rented/proposed to eligible MNCs/Banks/corporates.
- Building age should not exceed 20 years.
- Rental income should support EMI repayment.
- Interest - 13.00% p.a..
- Margin - 15%.
- Processing/other charges - As applicable.
- Applicable mortgage/valuation charges may apply.
- KYC documents.
- Ownership/title documents.
- Rent/lease agreement.
- Rental income/bank statements.
- Income documents.
- Property valuation documents.
- Other documents required for mortgage/assignment.
- Assignment of present/future rental receivables required.
- Mortgage of land/building for loans above ₹25 lakh.
- Irrevocable Power of Attorney in favour of Bank is required as per scheme.
- Finance for festival-related expenses.
- Demand Loan facility.
- Loan amount up to four times Net Monthly Income.
- Minimum loan - ₹5,000.
- Maximum loan - ₹1 lakh.
- Repayment - 12 EMIs/1 year.
- Permanent State/Central Government employees.
- PSU employees.
- Corporation employees.
- Private sector/reputed establishment employees.
- Regular salary required.
- Age 21-65 years.
- Interest - 13.00% p.a..
- EMI/NMI should not exceed 60% after considering existing EMIs.
- Other charges - As applicable.
- KYC documents.
- Salary/income proof.
- Salary account statement.
- Employer/check-off documents, wherever applicable.
- Other applicable security/repayment documents.
- Facility may be backed by salary check-off.
- Where check-off is unavailable, PDC/guarantee/collateral may apply as per scheme.
- Loan tenure upto 1 year
- Personal finance for eligible pensioners.
- Personal finance for eligible family pensioners.
- Pensioner loan up to 12 months' net pension subject to ceiling.
- Family pensioner loan up to 9 months' net pension subject to ceiling.
- EMI-based repayment.
- Eligible pensioners.
- Eligible family pensioners.
- Prescribed age conditions apply.
- Pension should provide regular repayment source.
- Adequate repayment capacity required.
- Interest - 13.00% p.a..
- Other charges - As applicable.
- KYC documents.
- PPO/pension documents.
- Pension account statement.
- Pension sanction/payment details.
- Applicable mandate/guarantee documents.
- Pensioner maximum loan - ₹5 lakh.
- Family pensioner maximum loan - ₹2.50 lakh.
- Pension routing requirements apply.
- Repayment period subject to applicable age and scheme norms.
- Finance for eligible micro/small income-generating businesses.
- Working capital finance.
- Term Loan finance.
- Shishu - up to ₹50,000.
- Kishore - ₹50,001 to ₹5 lakh.
- Tarun - ₹5 lakh to ₹10 lakh.
- Tarun Plus - as per prevailing PMMY guidelines.
- Eligible micro/small entrepreneurs.
- Eligible income-generating activities.
- Applicant should satisfy PMMY and Bank eligibility conditions.
- Satisfactory credit assessment required.
- Udyam Registration wherever applicable.
- Interest - 10.00% p.a. as per rate statement.
- Processing/other charges - As applicable.
- Applicable guarantee/subvention benefits subject to prevailing Government guidelines.
- PMMY application.
- KYC documents.
- Business/activity proof.
- Aadhaar consent.
- Udyam Registration, where applicable.
- CIBIL/credit information.
- Financial/business documents depending on loan size.
- Category is determined by sanctioned amount.
- End-use verification applies.
- Quotation for term loan required
- Finance for eligible new micro-enterprises.
- Employment-generating activities.
- Term Loan/working capital as applicable.
- Margin-money subsidy linkage.
- Applicable to eligible project activities under PMEGP.
- Eligible entrepreneurs.
- Eligible new units.
- PMEGP/KVIC/KVIB/DIC requirements to be satisfied.
- Project should be viable and eligible under scheme.
- PMEGP - Tourism Meghalaya Homestay Scheme: 9.00% p.a..
- Other PMEGP cases - applicable rate as per Bank/prevailing scheme instructions.
- Other charges - As applicable.
- PMEGP application.
- Detailed Project Report.
- Applicable margin-money/subsidy documents.
- Scheme annexures/declarations.
- Udyam Registration.
- CIBIL report.
- KYC documents.
- Other MSME documents according to project size.
- Margin-money subsidy is subject to Government guidelines.
- End-use and asset creation are monitored.
- Subsidy credit/lock-in conditions apply.
- PMEGP Homestay applicants may have additional MoU-related declaration requirements.
- Subsidy @ 35% on project cost
- Finance for eligible micro food-processing enterprises.
- Formalisation/upgradation of existing units.
- Term Loan/working capital as applicable.
- ODOP-linked activities wherever applicable.
- Credit-linked subsidy as per prevailing PMFME guidelines.
- Eligible micro food-processing enterprises.
- Applicant should satisfy PMFME eligibility conditions.
- State Nodal Agency/DIC requirements to be fulfilled.
- Food-processing activity should be eligible under scheme.
- Interest - As per applicable Bank MSME lending slab.
- Applicable SME slabs: 11.00%, 11.50%, 12.00% and 12.50% depending on loan amount.
- Subsidy is subject to PMFME guidelines.
- Other charges - As applicable.
- PMFME portal application.
- Detailed food-processing project report.
- State Nodal Agency/DIC recommendation/approval.
- ODOP proof, wherever applicable.
- FSSAI registration/licence.
- Aadhaar/DBT consent.
- Udyam Registration.
- CIBIL report.
- KYC documents.
- Subsidy is linked to eligible credit and project conditions.
- End-use and asset creation verification applies.
- Subsidy @ 35% on project cost
- Quotation for machineries and civil works for construction required.
- Credit support to eligible traditional artisans/craftspeople.
- Support for livelihood activities.
- Working capital/tool-related requirements.
- Credit assistance subject to prevailing PM Vishwakarma framework.
- Government-linked benefits subject to scheme conditions.
- Eligible traditional artisans/craftspeople.
- Registration under PM Vishwakarma.
- Eligible traditional occupation.
- Skill verification/training requirements, wherever applicable.
- Applicant should satisfy Bank's credit norms.
- Interest – As per prevailing PM Vishwakarma/Bank guidelines.
- Government interest benefit, if applicable, subject to scheme conditions.
- Other charges – As applicable.
- PM Vishwakarma registration/certificate.
- Skill verification/training certificate, where applicable.
- Proof of traditional occupation.
- KYC documents.
- Aadhaar/DBT consent.
- Scheme eligibility declaration.
- Udyam Registration, where applicable.
- End-use verification applies.
- Scheme benefits are subject to prevailing Government guidelines.
- Credit assessment is undertaken by Bank.
- Working capital support to eligible street vendors.
- Loan facility for continuation/strengthening of street-vending activity.
- Subsequent loan cycles may be available subject to scheme conditions.
- Digital/portal-based processing as applicable.
- Eligible street vendors.
- Vendor identification/certification/recommendation as applicable.
- Applicant must satisfy prevailing PM SVANidhi conditions.
- Interest – 11.00% p.a. as per rate statement.
- Government interest subsidy, where applicable, subject to prevailing scheme guidelines.
- Other charges – As applicable.
- PM SVANidhi application/portal record.
- Vendor ID/certificate/Letter of Recommendation, as applicable.
- KYC documents.
- Bank account details.
- Other scheme-specific documents, where required.
- Subsequent loan eligibility depends on repayment performance and prevailing Government guidelines.
- Digital transaction incentives/subsidies, if applicable, are governed by Government guidelines.
- Finance for eligible greenfield enterprises.
- Manufacturing sector.
- Services sector.
- Trading sector.
- Composite finance/Term Loan/Working Capital as applicable.
- Enterprise should be eligible under prevailing Stand-Up India guidelines.
- Eligible women entrepreneurs.
- Eligible SC/ST entrepreneurs.
- Greenfield enterprise requirement.
- Applicant should satisfy prevailing Stand-Up India conditions.
- Satisfactory credit assessment required.
- Interest – 12.50% p.a..
- Other charges – As applicable.
- Applicable guarantee/security conditions as per prevailing scheme.
- Stand-Up India application.
- KYC documents.
- Udyam Registration.
- Detailed Project Report.
- Financial projections.
- CIBIL report.
- Constitution documents.
- Other MSME documents depending on loan amount.
- Credit scoring applies.
- Security/guarantee is as per prevailing scheme/Bank norms.
- Quotation for machineries and civil works for construction required.
- Concessional credit to eligible weaker sections.
- Finance for approved productive purposes.
- Housing finance component as permitted.
- Loan amount for general purposes – up to ₹20,000.
- Housing loan component – up to ₹30,000.
- Nil margin.
- No collateral security.
- Eligible economically weaker borrowers.
- Prescribed family-income criteria.
- Prescribed landholding criteria.
- Eligible SC/ST and other specified categories.
- Other DRI eligibility conditions to be satisfied.
- Interest – 4.00% p.a. simple interest.
- Margin – Nil.
- Collateral – Nil.
- Other charges – As per applicable DRI norms.
- KYC documents.
- Income/eligibility proof.
- Landholding details, where applicable.
- Activity/project details.
- Other eligibility documents.
- Repayment up to 5 years including moratorium.
- Assets created from Bank finance are hypothecated.
- Working capital finance.
- Term Loan facility.
- Loan amount ₹25,000–₹2 lakh.
- OD facility may be provided.
- Term Loan may be used for eligible asset requirements.
- OD validity generally 12 months subject to review.
- Term Loan repayment up to 84 months.
- Existing MRB CSP/BC/Kiosk Operators.
- Age 18–60 years.
- Generally minimum 1 year engagement.
- Valid engagement/agreement with Bank.
- Adequate repayment capacity required.
- ₹10,000–₹50,000 – 11.00% p.a..
- ₹50,001–₹2 lakh – 11.50% p.a..
- Other charges – As applicable.
- Applicable CGFMU/guarantee charges as per norms.
- KYC documents.
- Valid CSP/BC/Kiosk agreement.
- Proof of engagement.
- Activity/income details.
- Asset quotation, wherever applicable.
- Other scheme-specific documents.
- Term Loan may have up to 3-month moratorium.
- Collateral may be Nil subject to applicable guarantee coverage.
- Applicant should satisfy Bank's engagement/operational conditions.
- Finance for redemption of eligible debt owed to non-institutional moneylenders.
- Maximum loan – ₹50,000.
- Nil margin.
- Loan proceeds are paid directly to the moneylender.
- Moratorium may be provided up to 1 year.
- Small farmers.
- Marginal farmers.
- Agricultural labourers.
- Eligible tenant farmers.
- Existing wilful defaulters are not eligible.
- Eligible debt should be established and verified.
- Interest – Applicable agricultural loan slab.
- Up to ₹50,000 – 9.50% p.a. under current agriculture slab, subject to applicable scheme concessions.
- Processing Fee – Nil.
- Prepayment Charges – Nil.
- KYC documents.
- Agricultural-status proof.
- Debt confirmation/letter from moneylender.
- Affidavit.
- Supporting documents establishing the debt.
- Credit facility to eligible Self Help Groups for income-generating activities and livelihood promotion.
- Finance may be provided for agricultural activities.
- Finance may be provided for allied agricultural activities.
- Finance may be provided for non-farm activities.
- Finance may be provided for micro-enterprise/business activities.
- Working capital and term-loan requirements may be considered depending upon the activity.
- Loan quantum shall be assessed based on the SHG's credit requirement, repayment capacity and Bank norms.
- The SHG should have satisfactory savings and credit discipline.
- SHGs formed by eligible members.
- The group should have a satisfactory track record of functioning/savings.
- Members should undertake viable income-generating activities.
- The group should maintain proper books/records as applicable.
- The SHG should satisfy Bank's appraisal and credit-linkage requirements.
- KYC of the SHG and its members should be completed as applicable.
- SHG should not have adverse/default history with formal financial institutions.
- Agricultural/allied activity: applicable Agriculture & Allied Agriculture slab.
- Up to ₹50,000 – 9.50% p.a.
- Above ₹50,000 to ₹2 lakh – 10.50% p.a.
- Above ₹2 lakh to ₹5 lakh – 11.50% p.a.
- Above ₹5 lakh to ₹10 lakh – 12.00% p.a.
- Above ₹10 lakh – 12.00% p.a.
- Where the activity falls under another applicable product/scheme, the corresponding rate shall apply.
- Processing Fee – Nil, wherever applicable under SHG financing norms. The scheme guidelines specifically provide Nil processing and prepayment charges for group-based lending structures.
- SHG loan application.
- Resolution of the SHG authorising borrowing.
- KYC documents of the SHG/members as applicable.
- SHG savings/account statements.
- SHG books/records, wherever required.
- Details of proposed activity/project.
- Project report/business plan, wherever applicable.
- Quotations for assets/equipment, wherever applicable.
- Other documents prescribed by the Bank for the particular activity.
- SHG credit linkage is undertaken based on the group's functioning and credit history.
- Repayment period should be aligned with the cash-flow/income-generation capacity of the activity.
- Security requirements depend upon the nature of the underlying activity and applicable Bank norms.
- Lending to SHGs may qualify under Priority Sector, subject to applicable RBI/NABARD norms.
- Branches should ensure proper end-use of funds and periodic monitoring.
- Credit linkage of eligible SHGs formed/promoted under DAY-NRLM.
- Finance for livelihood and income-generating activities.
- Agriculture and allied activities may be financed.
- Non-farm/micro-enterprise activities may be financed.
- Working capital and investment credit may be considered.
- Credit is linked to the SHG's assessed requirement and repayment capacity.
- Finance is intended to strengthen sustainable livelihood activities of SHG members.
- SHGs may be eligible for applicable Government interest-subvention benefits, subject to prevailing DAY-NRLM guidelines.
- SHGs eligible under DAY-NRLM.
- SHG should be duly formed/recognised under the applicable NRLM framework.
- SHG should have satisfactory functioning and savings/credit record.
- Members should undertake eligible livelihood/income-generating activities.
- SHG should satisfy Bank's credit-linkage norms.
- KYC and other regulatory requirements should be complied with.
- As per Bank's Interest Rate Statement as on 31.03.2026:
- Up to ₹3 lakh – 7.00% p.a.
- Above ₹3 lakh to ₹5 lakh – 10.00% p.a.
- Above ₹5 lakh – 12.00% p.a.
- The rate statement specifically includes SHG-NRLM under Agriculture & Allied Agriculture Loans.
- Applicable DAY-NRLM interest-subvention provisions shall be extended wherever the SHG satisfies the prescribed conditions.
- Other applicable charges shall be as per Bank's extant instructions.
- SHG/NRLM loan application.
- SHG registration/identification details under DAY-NRLM.
- Resolution of SHG authorising borrowing.
- KYC documents of SHG/members as applicable.
- Savings and credit records of SHG.
- Details of proposed livelihood activity.
- Project/activity proposal, wherever required.
- Aadhaar/DBT-related documents wherever required.
- Other documents prescribed under DAY-NRLM/Bank guidelines.
- Special interest rate benefit is available for eligible SHGs under NRLM.
- The current Bank rate statement specifically provides 7%, 10% and 12% slabs for SHGs under NRLM.
- Interest-subvention benefits are subject to Government/DAY-NRLM eligibility conditions.
- Branches should ensure proper SHG grading/assessment, documentation and credit linkage.
- Regular monitoring and recovery follow-up should be undertaken.
- Loans to SHGs under NRLM should be reported/classified appropriately under applicable Priority Sector norms.
- Finance for installation of rooftop solar PV systems under PM Surya Ghar – Muft Bijli Yojana.
- Loan may cover the eligible cost of rooftop solar installation.
- Finance is linked to an approved/eligible solar vendor.
- Technical feasibility of the rooftop is assessed before sanction.
- Disbursement may be linked to installation milestones.
- Government subsidy is credited as per prevailing PM Surya Ghar guidelines after fulfilment of applicable conditions.
- The facility is intended to enable households to reduce electricity expenditure through rooftop solar generation.
- Installation and commissioning are subject to verification. The Bank's checklist specifically requires portal application, vendor quotation, technical feasibility, electricity bill, roof ownership proof and post-installation verification.
- Eligible residential electricity consumers under PM Surya Ghar.
- Applicant should have an eligible residential rooftop.
- Valid electricity connection/consumer number required.
- Rooftop should satisfy technical feasibility requirements.
- Installation should be through an eligible/approved vendor.
- Applicant should satisfy PM Surya Ghar scheme conditions.
- Applicant should complete KYC and other Bank requirements.
- Interest rate: To be applied as per the Bank's prevailing rate/circular specifically applicable to PM Surya Ghar financing.
- The interest-rate statement provided in the source documents does not separately specify a PM Surya Ghar rate; therefore, a specific percentage should not be inserted without the applicable Bank circular.
- Processing Fee – As per applicable Bank instructions.
- Other charges/GST – As applicable.
- Government subsidy is subject to PM Surya Ghar guidelines and is not to be treated as an unconditional upfront benefit.
- Application through PM Surya Ghar Portal.
- Approved vendor quotation.
- Technical feasibility/rooftop capacity assessment.
- Latest electricity bill and consumer number.
- Ownership proof of house/roof rights.
- Aadhaar consent and DBT mandate.
- Scheme eligibility declaration.
- KYC documents.
- Pre-sanction site inspection report.
- Post-installation completion/commissioning documents.
- Sanction Letter and Loan Agreement are to be executed.
- Tripartite Agreement between Borrower–Vendor–Bank may be obtained wherever applicable.
- Disbursement is linked to installation milestones.
- Installation completion certificate is to be obtained.
- Subsidy credit is to be verified.
- System commissioning is to be verified after installation.
- End-use monitoring is essential.