Credit that meets businesses where they are.
India's micro-enterprises generate ~30% of GDP but receive less than 7% of formal bank credit. Our Micro Enterprise Loan is purpose-built to close that gap. We offer Joint Liability Group (JLG) structures and individual lending — your choice — at ticket sizes that actually fit a small trader's working capital cycle.
Most importantly, we don't ask for documents you don't have. A basic KYC pack, your business proof, and a six-month bank statement are usually enough.
Built for these borrowers.
Small retailers & traders
Kirana stores, grocery shops, hardware, garment retail, mobile recharge outlets.
Service & artisan businesses
Tailors, beauticians, mechanics, electricians, plumbers, photographers.
Rural micro-entrepreneurs
Dairy farmers, poultry owners, vegetable vendors, women-led SHGs.
What you get.
- Ticket sizes from ₹30,000 to ₹1,00,000 (higher amounts available on track record)
- Tenures from 12 months up to 120 months — match repayments to your cashflow
- Cashless disbursement directly to your bank account via NEFT/RTGS
- JLG (group) or individual loan structures based on what suits you
- e-NACH-based EMI collection — no chasing cheques, no manual follow-up
- Pre-closure and part-payment allowed without punitive charges
- Branch-led customer service across 50+ locations in Haryana, Rajasthan & UP
Documents required.
- Identity proof: Aadhaar Card and PAN Card (mandatory)
- Address proof: Voter ID, Aadhaar, utility bill or rent agreement
- Business proof: GST certificate, Udyam registration, shop & establishment licence, or business invoice trail
- Income proof: Six months of bank statements (current or savings account used for business)
- Photograph: Recent passport-size photograph
- For JLG: Group formation document and co-borrower KYC
How the process works.
Visit branch or apply online
Drop into your nearest GMC branch or apply via this website. Field officer can also visit you.
KYC + credit assessment
Documents verified, bureau check pulled, branch field visit completed within 24–48 hours.
Sanction & e-NACH
Receive sanction letter with full terms. Sign digitally via Aadhaar e-NACH for EMI collection.
Cashless disbursement
Loan amount credited to your bank account. SMS confirmation sent immediately.
Frequently asked questions.
What is the interest rate for a Micro Enterprise Loan?
Interest rates range between 18% to 28% per annum, depending on the loan structure, tenure, borrower profile and credit history. The exact rate applicable to your application will be communicated in your sanction letter, in line with our published Interest Rate Policy.
Do I need collateral?
No. The Micro Enterprise Loan is an unsecured credit product. We rely on your business cashflow, credit history and (in JLG cases) group co-borrower commitment — not on collateral.
How long does sanction and disbursal take?
Most applications are sanctioned within 48 hours and disbursed cashlessly within 72 hours of sanction. Timelines can extend slightly if document verification needs follow-up.
What is a Joint Liability Group (JLG)?
A JLG is a group of 4–10 individuals who collectively guarantee each other's loans. JLG structures often unlock credit for borrowers who'd find individual lending hard to access, while keeping default rates low through peer accountability.
Can I pre-close my loan early?
Yes. You can pre-pay or fully pre-close your loan at any time. Pre-closure terms (if any) are clearly stated in your sanction letter as per our Fair Practices Code — there are no hidden penalties.
Where can I apply?
Apply online via our website form, call +91 96679 00421, or walk into any of our 50+ branches across Haryana, Rajasthan and Uttar Pradesh.