The Government Information Center

Micro Lending
A Loan scheme specially designed to help small scale entrepreneurs at concessionary rates mainly for self employment projects.

General Eligibility criteria

• Priority is given for the production based projects under the sectors mentioned above.
• The applicant should engage in an income generation project and he / she should possess the relevant business skills
• The applicant should not be a defaulter of any other bank.
• The borrower should be 18-55 years of age.
• At least 30% of the cost of the project should be borne by the customer

Documents Required

1. Brief Project Report
2. Loan Application Form
3. Guarantors’ Statements
4. If required, the income details of the Guarantors.
5. Documents related to the security to be offered.
6. Estimate (  Cost of the Project)
7. Any other documents required by the bank
   
   Time taken for Disbursement
   2-4 weeks