IND MSME SAKHI IND MSME Sakhi
A small term loan from Indian Bank for Self Help Group members, launched to help women entrepreneurs move from group microcredit to their own manufacturing, trading or service unit.
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- Cost to apply
- No processing charge, as stated on the product page
- Status
- Open
- Run by
- Indian Bank
What you get
- Term loan from above ₹10,000 up to ₹4 lakh
- Repay over up to 60 months, including any moratorium
- Your own contribution (margin) is 10% of the cost
- No collateral. The loan is secured on the assets it pays for and covered under CGTMSE
- No processing charge
Who can apply
- Open to businesses in manufacturing, trading and services.
- Only for women.
- Age 18 or over.
- The most on offer is ₹4 lakh.
- Must be a Self Help Group member with a good repayment record for 2 years
- Must have taken two rounds of SHG finance with the first fully repaid, or one bank loan repaid on time
- CIBIL score of 650 or more, or an equal score from another credit bureau
- No older than 65 when the loan ends
How to apply
- Open the product page and choose Apply For Loan to fill in the bank's online loan enquiry form
- Or visit your nearest Indian Bank branch with your SHG repayment details
In person, nearest Indian Bank branch
In Kerala, any Indian Bank branch in Kerala, or the online loan enquiry form on the product page
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 Seen something out of date?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.