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Udyogini

Saraswat Bank introduces a scheme for women entrepreneurs of today which takes care of their financial requirements allowing them to concentrate on their business growth. With lot of incentives/discount being offered and minimum processing charges which are enumerated below ,you may contact our nearest branch and apply.

Amount:

  1. Micro Enterprises: Finance provided up to Rs. 10 lakh
  2. Small Scale Enterprises: Finance provided between Rs. 10 lakh to Rs. 100 lakh
  3. Medium Enterprises: Finance provided between Rs. 100 lakh to Rs. 200 lakh

Margin:

  1. Micro Enterprises: Nil
  2. Small Scale Enterprises: 20%-25% 
  3. Medium Enterprises: 20%-25%

Rate of Interest: w.e.f 13.02.2023

  1. Micro Enterprises: PLR - 4.20% = 11.50% p.a.
  2. Small Scale Enterprises: PLR - 4.20% = 11.50% p.a.
  3. Medium Enterprises: PLR - 4.20% = 11.50% p.a.

Repayment:

  1. Micro Enterprises: 6 Years
  2. Small Scale Enterprises: 6 Years
  3. Medium Enterprises: 7 Years

Security:

  1. Micro Enterprises: Hypothecation + Guarantee of Spouse or a Family member wherever required.
  2. Small Scale Enterprises: Hypothecation + 2 Guarantors + Collateral Security (20%)
  3. Medium Enterprises: Hypothecation + 2 Guarantors + Collateral Security (30%)

Processing fees:

  1. Micro Enterprises: Rs. 5000/-
  2. Small Scale Enterprises:  Above Rs. 10 lakh and Upto Rs. 25 lakh - Rs. 7000/-
                                                 Above Rs. 25 lakh - Rs. 10000/-
  1. Medium Enterprises: Rs.15,000/- or 1% of loan amount whichever is lower

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