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Micro Credit Scheme
Micro Credit Scheme
Maximum Loan Amount
Rs 500,000
Interest Rate
3.0% p.a
Moratorium Period
Up to 6 months depending on project
Repayment Period
5 years including 6 months moratorium
Purpose of Loan
To meet cost incurred for the purchase of equipment and other accessories.
Financing
90% of cost of project
10% of project cost: own funds
10% of project cost: own funds
Eligibility
Micro entrepreneurs including self employed
Security
As per DBM Terms and Conditions