Nidhi Prayas
Nidhi Prayas Yojna helps start-ups with good ideas. We give them money to turn their ideas into real products. We offer up to Rs. 25,00,000 to help them grow in the market.
Overview
The borrowing limit per unit under this scheme is up to Rs. 5 Crore. The guarantee cover extends to 75% of the credit facility and encompasses all activities, such as manufacturing, trading, services, and allied agriculture (excluding farming), within the scope of MSME.
- COLLATERAL-FREE LOAN
- LOAN OF UP TO ₹5 CRORE
- LOW-INTEREST RATES
- SUSTAINABLE EMPLOYMENT GENERATION
- ENCOURAGES TRADITIONAL ARTISANS
- BOOSTS INCOME-EARNING CAPACITY
ELIGIBILITY CRITERIA
SMALL ENTERPRISE
- Investment in plant, machinery, or equipment is limited to a maximum of Rs. 10 Crore.
- The annual turnover should not exceed Rs. 50 Crore
- 1 YEAR ITR (Mandatory)
- GST Number (Mandatory)
- Last 6-Month Bank Statement
- Investment In Plant & Machinery Or Equipment (Not More Than RS. 50 Crore)
MEDIUM ENTERPRISE
- Investment In Plant & Machinery Or Equipment (Not More Than RS. 50 Crore)
- 1 YEAR ITR (Mandatory)
- GST Number (Mandatory)
- Last 6-Month Bank Statement
DOCUMENTATION
- PAN Card
- AADHAR Card
- MSME Certificate
- GST DETAILS
- Last 6-Month Bank Statement Last 1 Year
- ITR
We Help in
Assistance With Documentation
Project Report (If required from Bank)
FAQs
The rate of interest charged for msme loans can vary anywhere upto 6.5%.
No, there is only a collateral-free loan provision under this scheme. This does not include any subsidy.
The payment term of 1 Year, 3 Years,5 Years, 7 Years depending on the amount of loan being sanctioned.