Income Generation Loans

Purpose

Income Generation Loan supports business enterprises and income enhancement activities of the clients like purchasing fixed assets to installing additional machinery etc. These loans also meet the additional working capital requirements of the client’s businesses

Loan Amount

  • Clients can avail loans up to Rs. 60,000/-.

Rate of Interest

  • First IGL loan 21% per annum on declining balance
  • Second IGL loan 19% per annum on declining balance
  • Supplement IGL loan 19% per annum on declining balance

Tenure

  • Minimum 52 weeks to Maximum of 104 weeks depending on the loan amount.