Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme…
Unsecured MSME Loan, a collateral free digital loan offering, was launched by DMI Finance Pvt. Ltd. (DMI Finance), an RBI registered Non-Banking Finance Company (NBFC), to serve Bharat’s Nano, Micro, Small, & Medium Enterprises, especially women-owned businesses, with loans across industries, commerce, & businesses.
How is it being implemented?
Under this Scheme, direct financial assistance in the form of loans is given to,
- Nano, Micro, Small & Medium Enterprises across Manufacturing, Trading, Retail or Services
with preference for women-owned businesses.
What’s on offer?
I. Product
- Business Term Loan, Supply Chain Finance
- Ticket Size:
- Business Term Loan: ₹30,000 – ₹1 Crore
- Supply Chain Finance: ₹1 Lakh – ₹10 Crores
II. Purpose
- Business Term Loan
- Acquisition of or investment in fixed assets
- Working capital requirements
- Supply Chain Finance
- Invoice / bill discounting, channel / dealer financing
III. Borrower Type
- Sole Proprietorships, Partnership Firms, Limited Liability Partnerships (LLPs), Private Limited Company, Closely-Held Public Company
- For more information around this, please contact DMI Finance via means mentioned below
IV. Security or Collateral or Guarantee or Insurance
- Primary Security: Nil
- Collateral Security: Nil
- Guarantee: Nil
- Insurance: For more information around this, please contact DMI Finance via means mentioned below
V. Interest Rate
VI. Processing Fee
VII. Margin Money Requirement
- For more information around this, please contact DMI Finance via means mentioned below
VIII. Tenure, Repayments & Pre-Closures
- Tenure
- Business Term Loan: 2 – 48 months
- Supply Chain Finance: 12 months
- Repayments:
- Business Term Loan: EMIs. Please feel free to use the Business Loan EMI Calculator here to ascertain your EMIs
- Supply Chain Finance: one shot payment at the end of tenure. For more information around this, please contact DMI Finance via means mentioned below
- Pre-payment & Foreclosure Charges: Up to 4% + GST; For more information on other charges, please refer here
IX. Turnaround Time
- This Scheme is characterized by smooth & hassle-free digital process, fast assessment, fast approval, and direct credit of loan amount to borrowers account
- For exact information on the turnaround time, please contact DMI Finance via means mentioned below
Interested? Read ahead to check your eligibility….
I. For more information around this, please contact DMI Finance via means mentioned below
So…how big is this scheme and what has been done so far?
I. This information does not seem to be available in the public domain
So, now, how should you go about it?
I. For submitting application,
OR
II. For information on indicative list of documentation required, please contact DMI Finance via means mentioned below
III. For any queries, please contact DMI Finance via:
- Phone: +91 22 68539500 | +91 80 64807777 | +91 11 41204444
OR
- E-mail: customercare@dmifinance.in
OR
OR
- WhatsApp: +919266733650
Go on then…and do spread the word!
Best,
Sources:
