About this scheme
Kinara Capital is an RBI-registered NBFC specialising in collateral-free term loans for manufacturing MSMEs. Focus on Tier-2/Tier-3 cities, women entrepreneurs, and first-time borrowers. Branch network across 6 states.
What you get
- Loan up to Rs. 50 lakh collateral-free
- HerVikas: 1% rate concession for women-owned
- Interest 18-24% per annum
- Branch-led origination — relationship banking
- Doorstep service in target cities
- CGFMU/CGTMSE-backed for guarantee
Who qualifies
Manufacturing MSMEs in Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra, Gujarat. Annual turnover Rs. 5 lakh+. Special programmes for women entrepreneurs (HerVikas) with reduced rates.
Industries (NIC divisions)
Food processingBeveragesTextilesApparelLeatherWood productsPaperPrintingPlastics / rubberFabricated metalsElectrical equipmentMachineryOther manufacturing
Business types
ProprietorshipsPartnershipsPrivate Limited
States
KATNAPTGMHGJ
How to apply
- 1Identify nearest Kinara branch (6 states)
- 2Branch officer visits or invites for application
- 3Submit GST + bank statement + KYC
- 4Field credit assessment
- 5Sanction within 7-15 days
- 6Disbursement via bank transfer
Key terms and conditions
- Higher interest than PSU but faster + collateral-free
- EMI structure flexible (monthly/quarterly)
- Top-ups available after 6 months of clean payment
What disqualifies you
- Outside 6 target states ineligible
- Service-only businesses: limited eligibility
- CIBIL below 650 + defaults: rejected
Documents typically required
- GST returns
- Bank statement
- Aadhaar + PAN
- Business proof
The content above is compiled from public information published by the scheme authority. Eligibility, benefits, and procedures are subject to change. Confirm details directly with the official portal before applying. BharatSeal does not process scheme applications.