The Unit must be eligible and certified as “Start-up” by the concerned Government Authority as per Start-up India scheme launched by Government of India (GoI).
To finance for innovation, development, deployment or commercialization of new product, processes or services driven by technology or intellectual property as per Start-up India Scheme.
Nature of Facilities
Term Loan and / or Working capital
Quantum of Finance
20% (Working capital as well as Term Loan)
Concession over applicable rate of interest
Collateral: Not Mandatory
Working Capital: 12 months
Term Loan: Maximum Door to Door repayment shall be 10 years including moratorium period not exceeding 36 months. Repayment can be in monthly / quarterly installments. Interest shall be recovered separately.
*Conditions apply, for further details, please visit our nearest Branch.