Cash Credit KGB Cash Credit
Kerala Grameena Bank working capital for MSME traders, manufacturers and service providers, drawn against stock, raw materials and money owed to the business.
Last updated on
- Status
- Open
- Run by
- Kerala Grameena Bank
What you get
- From ₹1 lakh, up to 20% of turnover depending on working capital need
- For new units, up to 80% of the working capital the bank works out by its operating cycle method
- Owner contribution of 5%, or 20% for new units
- Up to ₹1 lakh, secured on the business stock and a guarantor
- Above ₹1 lakh, the bank also asks for property worth at least 150% of the limit
- The limit runs for 24 months with a yearly review
Who can apply
- Open to businesses in manufacturing, services and trading.
- Micro, small and medium enterprises.
- Must be an MSME as defined under the MSMED Act 2006
- Open to individuals, proprietors, partnerships, self help groups, companies and trusts
- Must have a satisfactory record with the bank
How to apply
- Visit your nearest Kerala Grameena Bank branch, or call the toll-free number 1800 425 4000
In person, nearest Kerala Grameena Bank branch
In Kerala, any Kerala Grameena Bank branch. The bank says it has over 635 branches across all districts of 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 Seen something out of date?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.