The following people are eligible to apply for a Business Loan:

  • Self employed individuals, proprietors, private ltd. co. and partnership firms involved in the business of manufacturing, trading or services.

  • The business should have a minimum turnover of ₹40 lakhs

  • Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.

  • Those whose business has been profit-making for the previous 2 years

  • The business should have a Minimal Annual Income (ITR) of ₹1.5 lakhs per annum

  • The applicant should be at least 21 years at the time of applying for the loan, and should be not older than 65 years at the time of loan maturity.