46 XX | Enlightener Series | C. Private Sector Schemes | C.25 IndusInd Bank's Small Ticket Business Loan

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 updating, 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…

Small Ticket Business Loan was launched by IndusInd Bank to help women entrepreneurs get quick & easy access to finance, and fulfill short & medium term fund requirements of their business.
Small Ticket Business Loan is one of the loan offerings under IndusWE, a holistic platform for Women Entrepreneurs, providing avenues to Learn, Connect & Grow.

How is it being implemented?

Under this Scheme, direct financial assistance in the form of loans is given exclusively to,
- Women entrepreneurs engaged in manufacturing, services, retail or wholesale trade

What’s on offer?

I. Product

Term loan
Ticket Size: ₹2 Lakhs to ₹20 Lakhs

II. Purpose:

Acquisition of fixed assets
Working capital requirements

III. Borrower Type:

Individuals, Sole Proprietorship

IV. Security or Collateral or Guarantee or Insurance

Security: Nil
Collateral: Nil
Guarantee: Nil
Insurance: For more information around this, please contact the Bank via means mentioned below

V. Interest Rate

16% per annum onwards

VI. Processing Fee

2% + GST
Additionally, Stamp duty (as applicable), Documentation Charges (depending on the loan amount), GST and other applicable government taxes, levies will be payable

VII. Margin Money Requirement

For more information around this, please contact the Bank via means mentioned below

VIII. Tenure, Repayments & Pre-Closures

Tenure: 12 to 36 months
Repayments: EMIs
Pre-payment & Foreclosure Charges: Pre-payment of the full amount allowed only after completion of 12 months. No part-prepayment is allowed. For information on charges, please refer here

IX. Turnaround Time

In case all the details are correct and verified in real-time, an in-principle sanction shall happen instantly, and disbursal of funds to your bank account shall happen within 2-3 business days