IND SUVIDHA Micro Credit Card IND SUVIDHA
A business credit card from Indian Bank for Udyam registered micro enterprises that bank with it, for short term and one-off working capital needs.
Last updated on
- Status
- Open
- Run by
- Indian Bank
What you get
- Card limit from ₹10,000 to ₹5 lakh
- Limit set at 20% of your existing loan limits, or 20% of the last 12 months of sales or account credits
- Covered under CGTMSE, with the premium paid by the borrower
- Reward points on spending
Who can apply
- Businesses that are already running.
- Micro enterprises.
- The most on offer is ₹5 lakh.
- Udyam registration is needed. It is free.
- Existing Indian Bank customers with at least 12 months with the bank. New customers are not eligible
- Overdues of no more than 30 days with any lender
- Promoter credit score of 730 or more where there is no business credit rank
- For business spending only, not personal use
How to apply
- Open the product page and choose Apply For Loan, or ask your home branch
In person, your Indian Bank branch
In Kerala, existing Indian Bank customers at any branch in Kerala, or the online loan enquiry form
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 Seen something out of date?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.