• The scheme provides credit to small entrepreneurs without the need for collateral or a guarantor
• Loan upto Rs. 10 lakh is provided to the non-corporate, non-farm small/micro enterprises. Borrowers can avail loan facility from any Public/Private/ Regional Rural Banks, NBFCs and MFIs
• unsecured/ non-collateral loans to enable budding entrepreneurs
• There is no processing fee for loans up to Rs. 50,000
• Three products categories – ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary – as per 2018-2019 report, Shishu loans (SMEs at launch phase) are most popular with 86% of the total number of loans issued; Kishore loans clocked 11%; Tarun loans stood at 3%”