Contractor Plus
Federal Bank finance for contractors and sub-contractors doing work for government departments and public sector bodies, covering working capital, guarantees and equipment.
Last updated on
Not yet confirmed. The details on this page are based on Federal Bank, Contractor Plus (external site) (official website) and Federal Bank, basic loan application for SME loans with checklist (external site) (official website), and we have not been able to confirm them against a current official page. Check with The Federal Bank Limited before you rely on them.
- Status
- Open
- Run by
- The Federal Bank Limited
What you get
- Working capital for materials and other running costs of a contract
- Bank guarantees and letters of credit to secure the contract and pay suppliers
- Term loans for equipment, machinery and other capital needs
- Repay in a lump sum or in monthly instalments
Who can apply
- Businesses that are already running.
- Open to individuals, proprietors, partnership firms, companies and other legal entities that carry out works for government departments, semi-government institutions or public sector undertakings
- Sub-contractors working for such main contractors can also apply
How to apply
- Apply online through the Federal Bank MSME portal, which also lets you track the application
- Or download the MSME loan application form with its checklist and hand it in at a branch
In person, any Federal Bank branch, where you can also hand in the printed MSME loan application form
In Kerala, any Federal Bank branch, or the Federal Bank MSME portal online
Documents to keep ready
- Government contractor licence
- Copies of unexpired work orders with the signed agreements
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.