IDFC FIRST Bank Vyapaar Vridhhi Loan

Get IDFC FIRST Bank’s micro enterprise loan for small businesses at a competitive interest rate!

Vyapaar Vridhhi Loan
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Borrow with zero collateral.
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Wide coverage of businesses covering retail and wholesale trade, manufacturing and service enterprises.
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No income proof required for loan up to Rs 3 lakh. Otherwise, only application form, a passport-size photograph and KYC documents needed.
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Cheques not required. Doorstep instalment collection.strong>

Key features

  • A large proportion of household incomes in rural India today come from non-farm vocations generated by millions of Micro Enterprises engaged in retail trade, small manufacturing and services activity.
  • These small and micro enterprises today generate substantial income and employment for rural households.
  • However, they form part of the “missing- middle” segment of the economy which is unserved or grossly underserved by the formal banking and financial sector.
  • A large proportion of household incomes in rural India today come from non-farm vocations generated by millions of Micro Enterprises engaged in retail trade, small manufacturing and services activity.
  • These small and micro enterprises today generate substantial income and employment for rural households.
  • However, they form part of the “missing- middle” segment of the economy which is unserved or grossly underserved by the formal banking and financial sector.
  • This has limited the growth of the large segment of micro enterprises.
  • At IDFC FIRST bank, we have a large focus on the micro-enterprise segment, helping them fulfil their financial needs and growth aspirations for their business and capital needs - providing timely loans to help them achieve their growth.
  • These loans are without Collateral Security or a Third party guarantees.
  • So, for the financing needs of a growing micro-enterprise for working capital, expansion of current business facility/ premises and for those venturing into a new business, IDFC FIRST Bank’s Micro Enterprise Loan is a tailor made loan product to suit all financing needs of a small business.

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Highlights

  • Vyapar Vriddhi Loan for Micro Enterprises allows the micro-entrepreneur to borrow without a requirement of any collateral, at a rate much lower than the other informal sources of financing.
  • Aims to reduce the demand-supply gap in the micro-enterprise segment which does not have access to funding from formal financial institutions
  • Vyapar Vriddhi Loan for Micro Enterprises allows the micro-entrepreneur to borrow without a requirement of any collateral, at a rate much lower than the other informal sources of financing.
  • Aims to reduce the demand-supply gap in the micro-enterprise segment which does not have access to funding from formal financial institutions
  • Provide timely loans to fulfil the financing requirements of micro enterprises
  • Product covers a wide range of enterprises that includes carpentry, masonry, small eateries, textile manufacturing units (handlooms and power looms), dairy, agri-allied businesses, retail and wholesale trades, among others.
  • Loan amount: Rs 25,000 to Rs 5,00,000.

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Contact us

REGISTERED office:

IDFC FIRST Bank Ltd

KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
India

Corporate office:

IDFC FIRST Bank Ltd

Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,
India

IDFC FIRST Bank Customers

Toll Free No - 1800 419 4332
Email - Banker@idfcfirstbank.com

Capital First Customers

Toll Free No - 1860 500 9900
Email - Customer.Care@Capitalfirst.Com

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