Target Group
Traders
Businessmen
Professionals with good track record
MSME - Term Loan
Scheme to provide loans to small and medium enterprises that are non-corporate and non-farming.
Purpose
To meet investment needs like creation of fixed assets, expansion of unit, purchase of machinery etc., in MSME - Manufacturing, Services and Retail Trade sectors
Type of Loan
Term Loan
Quantum of Loan
Based on the project
Margin
| Category | Quantum of Loan | Margin |
|---|---|---|
| Sishu | Upto ₹50,000/- | NIL |
| Kishore | Above ₹50,000/- upto ₹5.00 lakh | 10% |
| Tarun | Above ₹5.00 lakh upto ₹10.00 lakh | 15% |
| Tarun plus | Above ₹10.00 lakh upto ₹20.00 lakh | 20% |
Schemes covered
MUDRA
PMSVANidhi
Stand-Up India
PMEGP
MUPSES
PMFME
Rate of Interest
Please refer Interest rate chart / visit our nearest branch
Security
Primary security – Hypothecation of assets created out of loan.
Collateral security - Immovable / other tangible security of at least 125% of the limit sanctioned
Repayment Period
Term Loan – Maximum upto 7 years
Processing Charges
Upto ₹50,000/- - Nil
Above ₹50,000/- - 1.18% of the Limit sanctioned
How to apply
Please contact nearest Puducherry Grama Bank’s Branch for more details
Ready to explore this loan further?
Visit your nearest branch to confirm eligibility, interest details, repayment options, and the full application checklist.
