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Tiny Unit Loan
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What is the criteria for Tiny unit ?
- All Small Scale units whose investment in Plant & Machinery is upto Rs.25 lac are treated as Tiny Enterprises, irrespective of the location of the unit.
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Whether both Term finance and working capital finance are sanctioned by Bank ?
- Yes, both Term finance and working capital are available.
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Whether collateral security is required ?
- No collateral/third party guarantee for loans upto Rs.5 lac.
- No collateral/third party guarantee for loans upto Rs.25 lac covered under Credit Guarantee Trust Scheme of SIDBI.
- For other loans collateral/ third party guarantee will be considered as per Government / Bank's policy guidelines.
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