Rates and terms last verified on 28 August 2025.These rates may be outdated — please confirm with the bank before applying.
Description
No description available
Features
Loans under SMILE III Revolving fund can be obtained as General loans or Technical Assistance Loans.
Maximum loan amount for General Loan Scheme - Rs.25.0 Mn per eligible industrial enterprise.
Interest rate of 8.0% p.a. for General Loan Scheme.
Maximum repayment period of 10 years including a grace period of 2 years for General Loan Scheme.
Maximum loan amount for Technical Assistance Loan Scheme - Rs. 2.5 Mn per eligible industrial enterprise.
Interest rate of 5.0% p.a. for Technical Assistance Loan Scheme.
Maximum repayment period of 05 years including a grace period of 3 months for Technical Assistance Loan Scheme.
Eligibility
The investment in fixed assets, excluding land and buildings (owned or leased) at original book value should not exceed Rs. 150.0 Million on completion of the subproject.
Eligible Sector - Manufacturing and industrial sub-sectors
