For purchase/ construction of New/ Old shop/ office building and/or Repair/ Modernization/ Renovation/ Face lifting of existing shop/ office building for trade or business or professional service.
Individuals singly or jointly, Proprietorship firms, Partnership firms, Limited Liability partnership firms (LLP), Companies, Registered Trusts, NRI jointly with resident relative/s.
Udyam Registration number of the applicant is mandatory and the account should be classified as Micro/Small/Medium as per the Udyam Registration certificate.
Proscribed/ restricted/ speculative activities are out of purview of the scheme. Finance to NBFC/ Real Estate Companies/ Builders or where HUF is a partner is not permitted.
The property should be located in Metro / Urban / Semi Urban area having clear marketable title.
RATE OF INTEREST
Attractive rate of interest based on RBLR