TMB Stand-Up India Loan
A programme by Tamilnad Mercantile Bank Ltd.
A loan for first-time SC, ST and women entrepreneurs setting up a greenfield enterprise in manufacturing, services or trading.
At a glance
| Best for | First-time SC, ST and women entrepreneurs starting a new greenfield business |
|---|
About TMB Stand-Up India Loan
The Stand-Up India Finance scheme offered through TMB supports first-time entrepreneurs from Scheduled Castes, Scheduled Tribes and women categories in establishing new enterprises. It is a composite loan with term and working-capital elements.
What you get
- A composite loan covering asset creation and operating cash flow for a new enterprise.
- Collateral-free loans up to a set limit, covered by the credit guarantee scheme for Stand-Up India loans.
- Repayment up to 7 years, excluding a holiday of up to 18 months.
Who can apply
- SC or ST and/or women entrepreneurs aged 18 or above.
- A greenfield project in manufacturing, services or trading, which is the first business of the beneficiary.
- For non-individual entities, at least 51 percent ownership and controlling stake held by SC, ST or women entrepreneurs.
How selection works: the product page does not describe the selection steps.
How to apply: use the Apply online button on the product page.
Where to apply
Other Tamilnad Mercantile Bank Ltd. programmes
- TMB PMMY (Mudra) LoanMudra loans under the Pradhan Mantri Mudra Yojana for micro and small entrepreneurs, in Shishu, Kishore and Tarun variants.
- TMB Mahalir LoanA loan for women who run micro and small businesses, with women holding at least 51 percent of the business.
- TMB MSME and Business LoansWorking-capital and term loans for enterprises in manufacturing, trading and services.