HDFC Bank SME Loans

Hii sir, I Wants to Apply for the SME Loan in the HDFC Bank Will you Please Provide me the Information About the SME Loan of the HDFC Bank ?

[pawan]

As you Asking for the Information About the SME Loan of the HDFC Bank the Information About the loan is given below

Small and medium enterprises are critical for the countrys economic and social development. SME is the biggest employment provider next to agriculture.
The SME plays a major role in creating jobs and generating income for the low income group. SME fosters economic growth, social stability and contributes to the development of the private sector.

Objective

To improve credit flow to SME sector.
To formulate norms to SME sector to ensure that the adequate and timely credit is available to the sector.
The SME Loan policy also provides guidelines to the branches offering credit to the SME sector and to formulate norms of lending to the SME sector.
To devise an organisational structure to handle SME credit portfolio in a focused manne

Eligibility Criteria

The following entities are eligible to avail SME loan:

Sole proprietorship firms
Partnership firms
Private limited companies
Public limited companies
Manufacturing, trading and service units
The firms must have made profits in the last two years
The firms must be defined under MSMED Act and by Reserve Bank of India.

SME Finance Procedure
The following procedure must be followed by the borrower:

Fill up the SME Loan application form and submit it with the bank.
Submit all the documents required to the bank as well.
Get the loan sanctioned and service it on time.

For more details you may Visit the Nearest branch of the HDFC Bank