Micro, Small and Medium Enterprises (MSME)

SCNL forays into the MSME segment , focusing on small business owners who are in manufacturing, trading & service and are predominantly excluded from the main stream access to organized finance. The focus segment is businesses that have an annual turnover of less than Rs.200 Lacs. MSME loan offering to these customers take into account that they may not be habituated to maintaining standard books of accounts and a vast majority of them may fall into a turnover bracket that does not warrant financial auditing. Since the availability of reliable financial information is a challenge in this segment, SCNL deploys a unique credit underwriting and assessment model to understand the income and derive an eligibility accordingly.

MSME loans range from Rs.1 Lac to Rs.10 Lacs. Eligibility is arrived based on various parameters such as Industry Type, business vintage, assessed income, business owner's knowledge and experience in the field among others. The extent of loan is also depended on the type and quality of collateral that the customer is able to offer. We accept a wide range of properties as collateral . The customer can repay the loan in easy equated monthly installments over a period of time depending upon his choice. The offering is designed to bring easy access of organized finance to the Micro-SME segment, built in with flexibility, speed and simplicity.

The business is currently operational in Northern India in States like Delhi, Punjab and Haryana. SCNL will expand geographically to other areas over a period of time.

Latest News

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  • Mr. HP Singh speaks to CNBC Awaaz on Q3FY18 results & More - Feb 15, 2018 (Know More)
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  • Mr. HP Singh speaks to CNBC on Q3FY18 results & More - Feb 15, 2018 (Know More)