Loans which cater to the financial needs of the Small and Medium Enterprise (SME) segment are known as SME loans. This segment is responsible for providing huge employment opportunities at relatively lower capital costs and at the same time, also aids in industrialisation of backward and rural areas.

The small and medium enterprise (SME) loan means financing provided by financial institutions in small and medium industries. Financial institutions provide loans to small and medium industries for arrangement of working capital, business expansion and capital machinery procurement.

Cash Credit (CC) is a short-term loan offered to self-employed customers and businesses to meet their working capital requirements, whereas an Overdraft facility is credit funding offered by banks to individuals and companies to withdraw money from the banks in which they have accounts, even if their account balance is low, zero or below.

For more details, please enquire below: