Purpose

To meet expenditure related to:
• Setting up professional practice or consultancy venture
• Acquiring additional equipment including personal computers for professional use
• Working capital needs

Eligibility

All professionals such as Engineers, Chartered Accountants, Cost Accountants, Company Secretaries, Management Consultants, Lawyers, Architects, Surveyors, and Construction Contractors with an annual income of Rs.80,000/- and above and in the age group of 21 years and above

Amount of finance

Ceiling of Rs.10 lakhs and a sub ceiling of Rs.2 lakhs for working capital

Margin

25%

Repayment

Term loans: Maximum 5 years
Working capital: Renewed every year