Contractor's Term Loan KGB Contractor's Term Loan
A Kerala Grameena Bank term loan for contractors and sub-contractors in the MSME sector, to buy brand new equipment or office premises.
Last updated on
- Status
- Open
- Run by
- Kerala Grameena Bank
What you get
- ₹10 lakh to 1 crore
- Owner contribution of 10%
- Repaid over 5 years, or 7 years for construction or equipment purchase, including a repayment holiday
- Secured by property worth at least 150% of the limit
Who can apply
- Open to businesses in services.
- Micro, small and medium enterprises.
- The most on offer is ₹1 crore.
- Contractor or sub-contractor business that is an MSME 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 Seen something out of date?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.