Micro, Small and Medium (MSME): Advances to SSI, SRTO, Retail Trade, Small Business and Professional & Self- Employed Persons are redefined as Micro and Small Enterprises covering manufacturing, processing/ preservation of goods and service activities. A facility for coverage of eligible loans upto Rs.50.00 lakhs under CGTMSE guarantee cover is available.
PSFB Trade Overdraft: Customers who are dealing in trade, business, small scale industries, contractors, registered commission agents are eligible to avail Pragathi Trade Overdraft. This facility can be provided for working capital needs of the Business enterprises. Need based finance upto Rs.500 lakhs.
PSFB SRTO: This scheme is introduced to meet the financial requirements for purchase of power driven vehicles i.e. Auto Rickshaws, Van, Boat, Lorry, Truck, Cabstar, Cars etc. Finance upto 85% of cost of the vehicle. CGTMSE guarantee cover is available for loans upto Rs.10.00 lakhs
PSFB Show Room Furnishing / Shop Renovation Scheme: The scheme aims at catering to the needs of Traders/ Shop keepers/ Show room owners who are going to renovate the existing shop or for furnishing of their proposed new shop. There is ample scope to finance new customer under this scheme to improve credit growth.
Prime Minister’s Employment Generation Programme (PMEGP): The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.
The maximum cost of the project/unit admissible in manufacturing sector is Rs.25 lakhs and in the business/service sector, it is Rs.10 lakhs. Eligible subsidy under PMEGP (of project cost) for General category 15%(Urban), 25%(Rural), Special category like SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, etc. is 25%(Urban), 35%(Rural) The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital. The repayment schedule is ranging between 3 to 7 years.
Pradhan Mantri Mudra Yojana (PMMY): The finance under PMMY segment mainly consists of Non-farm Enterprises in Manufacturing, Trading and Services, whose credit needs are below Rs.10.00 Lakh. Loans given to this segment for income generation will be known as “MUDRA” loans under the Pradhan Mantri MUDRA Yojana (PMMY) and branded accordingly.
PSFB Swagruha Loan: Maximum loan upto Rs.150.00 lakhs. Margin varies between 10-25% on the cost of construction/Purchase of the House. Security is mortgage of the site and building to be constructed thereon. Flexible repayment period upto 70/75 years of age of the applicant. For repairs/renovations also, we will consider loans upto Rs.6.00 lakhs.
PSFB Swagruha Plus: A hassle free top up loan to existing Housing Loan customers with regular repayment record. Loan amount upto Rs.5.00 lakhs with repayment period upto 84 Months.
PSFB Conveyance Loan: For Purchase of Brand New vehicle (2 & 4 wheelers) for personal use. Maximum finance for purchase of 4 wheeler is Rs.15.00 lakhs with a flexible repayment period upto 84 Months. 85/90% of the on road finance of the vehicle.
PSFB Vidya Loan: Adopts IBA Model education loan scheme. Financial assistance for study in India and Abroad. Need based finance upto Rs.30.00 lakhs.
PSFB Multi Purpose Mortgage Loan: To provide financial assistance for any genuine business / personal credit requirements the loan under PMPML scheme on Residential/Commercial Property. Loan assistance upto Rs.100.00 lakhs with a repayment period upto 7 years.
Personal Banking Loan: Personal loans to employees in Govt., Quasi Govt., Local Bodies, Govt. Aided Bodies, etc. who are drawing their salaries through our branches are eligible to avail these loans. Maximum loan of 15 times the Gross salary subject to cutback norms. Repayment upto 5 years.
Rent Plus: A retail credit scheme against the rent receivables to deliver the credit to such categories of clientele who are getting assured rental income from the registered lease deeds executed with reputed Corporates with a minimum lease period of 36 months and maximum period not exceeding 120 months of rent receivable to be financed. The maximum amount that can be sanctioned is 120 months rent receivable.
PSFB KCC: The Kisan Credit Card has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner. Main features of the scheme are (a) Meeting the short term credit requirements for cultivation of crops (b) Post Harvest expenses (c) Produce Marketing Loan (d) Consumption requirements of farmer household (e) Working Capital requirement for maintenance of farm assets and activities allied to agriculture, dairy animals, inland fisheries etc.
KCC (AH&F): The Government of India has been providing the Interest Subvention @2% p.a. on the loans arranged to the farmers under Pragathi Kisan Credit Cards / Crop Loans upto Rs.3.00 lakhs provided the loans are arranged @7% p.a. rate of interest.
PSFB Produce Loan Scheme: The scheme is introduced to protect the interest of the farmers, who are the Bank’s major clientele, by financing against the pledge of Warehouse Receipts (in respect of produce stored by the farmers) issued by Central and State Warehouses and private godowns having collateral management agreement services approved by bank
Rythu Mitra Groups (RMGs): In order to consider financial assistance mainly to the SF/MF/Tenant Farmers/Share Croppers/Lessee farmers, financial assistance required to RMGs may be realistically assessed and financed and repeat finance may be extended on savings to loan ratio up to 1:20 depending on quality of the RMG and the recovery position of the loans extended to RMGs.
The financial assistance can be for Crop Production, Investment Credit, etc. and repayment period shall be as per the scheme/purpose. The good functioning groups shall only be considered for financial assistance.
Joint Liability Groups (JLGs): It is an informal group comprising 4 – 10 members. The JLG is primarily a credit group and savings by the JLG members is voluntary. The members of JLGs can avail loan either singly or through group mechanism. Group shall comprise members of similar socio-economic status and background and carrying out farm related activities, who agree to function as JLG. The farmers joining the group should cultivate the lands in the same village or in a contiguous area known to each other well and has interest and mutual trust to continue as group members.
Financing Tenant Farmers (CCRC): Govt. of AP brought new act viz., Andhra Pradesh Crop Cultivator Right Act 2019 during Aug 2019. Under that act Crop Cultivator Rights Cards (CCRC) will be issued with the mutual agreement of land owner and cultivator for the period of 11 months, which entitles the tenant farmer to avail bank finance
Investment Credit: Term Finance to borrowers engaged in allied activities like Dairy Farming (Pala Dhara) (Mini Dairy units), Sheep Rearing, Heifer Calf Rearing, Ram lamb Rearing, Pragathi Farm Mechanization, Minor Irrigation including Sprinkler and Drip Irrigation, Floriculture, Horticulture and Orchards, Bio-Diesel, Land Purchase Scheme, Agri. Business & Agri. Clinics, Pragathi Jaladhara, Sericulture, Fisheries, Rural Godowns, Bio-Gas, Organic Farming, Vermiculture and Vermi composting, Poly houses, Cold Storage, Milk Chilling Centers, etc.
Self Help Groups (SHGs): In tune with the Government of India/Reserve Bank of India/NABARD policy for extending hassle-free financial support to the Self Help Groups, the SHG bank linkage programme shall be given due importance. All the eligible groups, with membership ranging from 10-20, shall be considered for financial assistance adequately in the form of Cash Credit / Overdraft facility basing on the corpus and Micro Credit Plans.
Business Loan
Pioneer Small Finance Bank LTD is the first bank to partner with Government e-Marketplace (GeM) Sahay – a platform that connects sellers with lenders, offering real-time financing against Purchase Orders. GeM is an innovative end-to-end marketplace that enables open, efficient, and transparent procurement of goods and services for various Government Ministries/ Departments, Public Sector Undertakings, and other apex autonomous bodies of the Central Government, ensuring seamless public procurement on the platform.
To know more, click here
*With Facility Against Credit Card Receivables, you can avail of a Business Loan or an Overdraft Facility of up to Rs.3 Crore
** Terms & Conditions apply. Credit at sole discretion of Pioneer Small Finance Bank LTD and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
Whether you are an established business professional or a budding entrepreneur, you can always turn to PSFB Business Loans in times when your business needs more capital. We offer business loans ranging from Rs.3 Lakhs – Rs.1 Crore with flexible repayment methods.
Who could be eligible for a Business Loan?
Are you thinking of availing a business loan anytime soon? Browse through our business loan eligibility criteria mentioned below, to make sure your business loan is approved at the very first go:
- The applicant has to be in business for last 3 years with a minimum turnover of Rs.40 Lakhs
- The business must have generated profit for a minimum of 1 year
- The applicant should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Trust / LLP involved in the business of Manufacturing, Trading or Services
- The main applicant should be minimum of 25 years of age & should be no older than 65 years at the time of loan maturity.
Check out the criteria for business loans eligibility to know more.
What are the fees and charges associated with PSFB Business Loans?
- Processing fees: Maximum 2% of the loan / facility amount (Plus GST)
- Documentation Charges:
- Loan amount less than 10 Lakhs – Rs.3500/- (Plus GST)
- Loan amount greater than 10 Lakhs – Rs.6000/- (Plus GST)
Check out the business loan rates for availing the business loan.
How much EMI do I have to pay for a Business Loan?
To know how much EMI you would have to pay every month, try our easy-to-use business loan emi calculator. Simply enter the following details & Know your EMI:
- Loan Amount
- Desired Interest Rates (%)
- Tenure in Years/Months
What are the documents that I need for getting a Business Loan?
We, at PSFB, believe in fast loan disbursals with miminum troubles of lengthy paperwork. Check out the documents required for business loan to know more
The Progress Report
The report on progress made and activities under taken by the bank during the year 2023-24.
| Sr. No. | Financial Indicators | Year 2022-23 | Year 2023-24 |
|---|---|---|---|
| 1 | Paid up Share Capital | 3737.43 | 3937.05 |
| 2 | Membership | 20067 | 20665 |
| 3 | Reserves | 9512.12 | 10390.26 |
| 1 | Deposits | 135445.56 | 141774.11 |
| 5 | Advances | 80380.19 | 80657.52 |
| 6 | Investments | 60507.64 | 68393.72 |
| 7 | Working Capital | 153642.32 | 162327.17 |
| 8 | Net Profit | 1210.09 | 2335.13 |
| 9 | Profit Befor Tax | 1593.64 | 2854.24 |
| 10 | Credit/Deposit Ratio | 59.34 % | 56.89 % |
| 11 | CRAR | 14.34 % | 16.29 % |
| 12 | Gross NPAs | 3.29 % | 2.97 % |
| 13 | Net NPAs | 0.00 % | 0.00 % |
Progress Overview from Last Five Years (Rs. In Lakh)
| Particulars | 31/03/2020 | 31/03/2021 | 31/03/2022 | 31/03/2023 | 31/03/2024 |
|---|---|---|---|---|---|
| Paid Up Share Capital | 2942.11 | 3125.68 | 3419.08 | 3737.43 | 3937.05 |
| Reserve & Other Funds | 5985.54 | 6769.33 | 6286.86 | 9512.12 | 10390.26 |
| Net Worth | 6631.04 | 7194.85 | 8267.68 | 8919.27 | 11027.83 |
| Investment | 57483.03 | 63254.71 | 65905.18 | 60507.64 | 68393.72 |
| Deposit | 110986.74 | 120572.19 | 130464.35 | 135445.56 | 141774.11 |
| Loans & Advances | 56558.73 | 61188.13 | 69589.06 | 80380.19 | 80657.52 |
| CD Ratio(%) | 50.96 | 50.75 | 53.34 | 59.34 | 56.89 |
| Net NPA(%) | 1.08 | 0.75 | 1.51 | 0.00 | 0.00 |
| Working Capital | 123968.79 | 135144.48 | 145914.73 | 153642.32 | 162327.17 |
| Net Profit | 811.96 | 955.93 | 945.68 | 1210.09 | 2335.13 |
| CRAR(%) | 12.50 | 13.36 | 13.64 | 14.34 | 16.29 |
| Audit Class | A | A | A | A |
Committed!
Always deliver more than expected.
Loans Disbursed (2023)
Start up Loans Disbursed
Client Satisfaction
DEPOSIT INTEREST RATES (W.E.F 01/01/2024)
| Deposit Type | Interest Rates | |
|---|---|---|
| Current Account Deposit | 00.00 % | |
| Saving Account Deposit(On Daily Product Basis) | 3.00 % | |
| Pigmy Deposit | 3.00 % | |
| Recurring Deposit for above 15 Months | 8.30 % | |
| Fix Deposit | ||
| 7 days to 90 days | 5.50 % | |
| 91 Days to 180 days | 6.75 % | |
| 181 Days to 335 days | 8.25 % | |
| 336 days to 365 days | 8.60 % | |
| Above 366 days | 8.30 % | |
| Senior Citizen | 00.50 % Extra | |
| Our Bank Employee FDR | 00.50 % Extra | |
| Damduppat Thev Yojana | ||
| For Non Senior Citizen | 8 Years 6 Months | |
| For Senior Citizen | 8 Years | |
| Subhmangal Thev Yojana(10 Years Period) | ||
| On Rs. 43,990.00 Deposit Amount | 1,00,000.00 | |
| On Rs. 21,995.00 Deposit Amount | 50,000.00 | |
| Fix Deposit Of Co-op Society and Trust | ||
| 7 Days to 180 days | 5.50 % | |
| 181 Days to 335 days | 7.25 % | |
| 336 to 365 days | 7.50 % | |
| Above 366 days | 7.00 % | |
LOANS INTEREST RATES (W.E.F 01/05/2023)
| Loan Type | Interst Rates | |
|---|---|---|
| Cash Credit Loan | 12.10 % | |
| Cash Credit Hypothication Repayment Loan | 12.10 % | |
| Gold Loan Above 4 Lac | 11.55 % | |
| Gold Loan with 7/12 up to 4 Lac | 9.80 % | |
| Gold Loan without 7/12 up to 4 Lac | 10.80 % | |
| Housing Loan Upto 140 Lakh | 10.75 % | |
| Salary Loan(Upto2 Lac) | 13.05 % | |
| Salary Loan(Above2 Lac) | 14.05 % | |
| Personal Loan | 13.10 % | |
| Self Employed Loan | 13.10 % | |
| Vehicle Loan | 11.30 % | |
| Commercial Vehicle Loan | 12.00 % | |
| Loan Against Property | 13.80 % | |
| Loan Against Rent Receivable | 13.30 % | |
| WearHouse Receipt Loan | 13.30 % | |
| Kisan Vikas Patra Or NSC | 11.80 % | |
| Doctor Loan Upto 100 Lakhs | 11.30 % | |
| Doctor Loan Above 100 Lakhs | 12.30 % | |
| Project Loan | 13.80 % | |
| Engineer Loan Upto 100 Lakhs | 11.30 % | |
| Engineer Loan Above 100 Lakhs | 12.30 % | |
| M.Sc Computer / CA Loan Upto 50 Lakhs | 11.30 % | |
| M.Sc Computer / CA Loan Above 50 Lakhs | 12.30 % | |
| COVID-19 Working Capital Term Loan | 12.30 % | |
| Mortgage Loan For Business | 13.30 % | |
| Business Construction Loan | 13.30 % | |
| Self Employed Loan | 13.10 % | |
| Top Up (Home) | 11.30 % | |
| Over Draft Cash Credit | 13.30 % | |
| small loan | 13.80 % | |
| Fix Deposit Overdraft(FD-OD) Account | Fixed deposit receipt interest will be 2 % higher than the interest rate | |
| Loan Against RD | Monthly RD receipt interest will be 2 % higher than the interest rate | |
| Loan Against Pigmy Deposit | 13.30 % | |
| Vehicle Loan (This is only applicable for service rule applied Employee.) | 10.00 % | |
| Housing Loan (This is only applicable for service rule applied Employee.) | 9.00 % | |
| Monthly regular repayment made for term loan within a year is eligible for 1% rebate. | ||
