MSME Insta Fund
Quick extra working capital from Indian Overseas Bank for its existing MSME borrowers who get an urgent bulk or additional order.
Last updated on
- Status
- Open
- Run by
- Indian Overseas Bank
What you get
- Need based limit up to ₹25 crore
- Runs for 150 days, with a rollover of up to 30 days
- Margin of 20%, cut to 10% for orders from central or state government, public sector units or well rated companies
- Up to ₹25 lakh on a simple declaration after 3 good years with the bank, or up to ₹1 crore after 5 good years
Who can apply
- Businesses that are already running.
- Micro, small and medium enterprises.
- The most on offer is ₹25 crore.
- Udyam registration is needed. It is free.
- Existing IOB MSME borrowers with a standard account
- No overdue flags in the last 6 months
- Cannot be combined with ad hoc or excess limits
How to apply
- Ask your IOB branch for an Insta Fund limit and show the bulk or extra order
In person, your Indian Overseas Bank branch, or call 1800 890 4445
In Kerala, existing Indian Overseas Bank MSME borrowers at their branch in Kerala
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 Seen something out of date?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.