Disclaimer

The content has been translated from the English version using indigenously developed Artificial Intelligence capabilities (Bhashini, developed by MeitY). In the event of any ambiguity or doubt, users are advised to refer to the original English content for clarification.

All information, materials, advice, suggestions, illustrations, notifications, circulars, and other items on this website are collectively referred to as the "Content."

Indian Bank assumes no responsibility for any errors, omissions, inaccuracies, or typographical mistakes that may appear in the Content. Indian Bank does not provide any warranty or representation regarding the Content and expressly disclaims all liabilities.

Any action taken by users on the basis of such Content shall be entirely at their own risk and responsibility.

Indian Bank reserves the right to modify, correct or update any part of the Content at any time.

No portion of the Content may be displayed or printed without prior written approval of Indian Bank.

As the translated Content has been generated using AI, we encourage suggestions for improvement.

Suggestions may be submitted at:
https://bhashini.gov.in/bhashadaan/en/home

 
हिंदी
Toll-free customer support numberNational Helpline No1800 1700
viewing the Indian Bank PCI DSS compliance certificate
Financial Result Icon

IND MSME SAKHI

IND MSME SAKHI

Apply For Loan

Micro, Small & Medium Enterprises are popularly known as the growth engines of Indian Economy due to its significant contribution towards GDP, Manufacturing output, Export and creation employment to large section of society.

Women entrepreneurs accounts for nearly 20 % of total MSMEs. Most of women entrepreneurs have setup their small business with the help of microcredit availed under SHG model.

In order to expand their business and graduate them to Entrepreneurs, additional funding is essential. GOI/RBI has given thrust on extending credit facility to individual members of SHGs depending on requirement.

To encourage women entrepreneur, a new product is being launched with key features as under:

 

Key features of the Scheme:

Parameters Norms
Target Group ·         Members of Self Help Group with satisfactory repayment track record of 2 years.

·         Availed two rounds of finance from SHG; first loan fully repaid; second loan may be running.
Interest Rate Repo+ Spread (3.60%)
Processing Charges Nil
Margin 10%
Repayment Terms 60 Months (Door to Door tenor)
Loan amount ranging Rs 0.10 Lakh to Rs 4.00 Lakh

 

 

Scheme Guidelines–“IND MSME SAKHI”

 

Particulars Guidelines
1.   Target Group Individual Members of SHGs
2.   Eligibility 1. Members of Self Help Group with satisfactory repayment track record of 2 years.

2. For those members who have availed one dose of bank loan with and made timely repayment of the loan

3. Minimum CIBIL score 650 and above or 0/1 equivalent other CIC score.
3.    Borrower’ Age ·         Minimum: 18 Years

·         Maximum : 65 Years at Loan Maturity.
4.   Purpose For setting up of Manufacturing/ Trading / Service units.
5.   Types of Facility Term loan.
6.   Loan Amount Minimum: Above Rs 0.10 Lakhs

Maximum : Rs 4.00 Lakhs
7.   Margin (Promoter’s contribution) 10%
8.   Type of Assessment As per extant guidelines.
9.   Security ·         Hypothecation of Assets Created out of the loan.

·         Account to be covered under CGTMSE scheme
10.  Repayment terms Maximum : 60 Months (Including Moratorium if any )
11.  Rate of Interest Repo*+ Spread (3.60%)
12.  Processing & other charges Nil processing Charges

 

( Last modified on Sep 22, 2025 at 08:09:12 PM )

ADYA
ADYA