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Purpose:

To help specially-abled people to become economically independent by starting their own business and to purchase durable and sophisticated aids / appliances that promote their physical and social rehabilitation.

Eligibility:

All specially-abled Individuals – both salaried and self-employed, All specially-abled Minors through their Parents.  (No advances to middle-men and NGOs).
Individual should be employed for a minimum period of 1 year

Amount of Loan:

Min: Nil
Max: Rs. 5 lakh

Rate of Interest:

Fixed - 9.25% p.a  

Basis of advance:

Salaried :20 times of net salary
Businessmen: 3 times of average gross cash accruals orlatest audited gross cash accrual with justification.

Security:

Hypothecation of the current assets i.e stock and debtors / Hypothecation of Equipment purchased out of Bank Finance

Guarantor:

Nil

Margin:

0%

Repayment

Max 60 months

Processing fee:

Nil

































































Conditions Apply*