- As per Government guidelines issued from time to time.
- Working Capital Loan (WCDPN)
- Repayable in 12 EMIs (Equated Monthly Installments)
- The vendors, availing loan under the scheme, are eligible to get prompt repayment interest subsidy @ 7%.
The above information is subject to terms and conditions.For more details, please contact the nearest Branch
Objective of the loan:
To provide working capital to street vendors to support their business.The scheme is formulated by the Ministry of Housing and Urban Affairs with the following objectives:
- Working capital loan up to Rs.10,000/-
- To incentivize regular repayment.
- To reward digital transactions.
Promotion of Digital Transactions by Vendors:
The scheme will incentivize digital transactions by vendors through cash back facility. The on boarded vendors would be incentivized with a monthly cash back in the range of Rs. 50 – Rs.100. Cash Back incentive shall be available only to a maximum limit of Rs. 1200/-