INCOME GENERATION LOANS

Purpose

Income Generation Loan supports business enterprises and income enhancement activities of the clients like purchasing fixed assets to installing additional machinery etc. These loans also meet the additional working capital requirements of the client’s business activities like agriculture, animal husbandry, fishery and micro-enterprises etc.

Loan Amount

Clients can avail loans up to Rs. 50,000/-.

Rate of Interest

24.5% per annum on declining balance. 

Tenure

Minimum 12 Months to Maximum of 24 Months depending on the loan amount.