What are the eligibility criteria for a working capital loan?
A Working Capital Loan (WCL) is a short-term commercial borrowing facility provided by banks or NBFCs to businesses who require funds for working capital requirements.
- MSME was established more than two years.
- Minimum annual turnover of Rs. 10 lakhs.
- Zero default history is required.
- Last year's ITR should exceed Rs. 1.5 lakhs
- Either you own a home or a business.
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