Small Business Enterprises – SBE

Eligibility
Individuals and firms managing a business enterprise established mainly for the purpose of providing any service other than professional services.
Extent of Finance
Individual limits for working capital will be fixed depending upon the requirement of activities pursued. Advances for acquisition, construction, renovation of House Boats and other tourist accommodation will be financed. Advances for distribution of mineral oils will also be considered under this category
Rate of Interest
As per prevailing rates from time to time
Margin
No margin up to Rs.25000/-
15 to 25 percent for credit limits exceeding Rs.25000/-
Security
Assets created out of Bank’s finance
Collateral security as per Bank’s discretion
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