Youth Entrepreneurship Loan
Be the Change, Build Your Legacy at Home
Interest Rate: 11-13%
Features
Youth Focused Loan
The Youth Entrepreneurship Loan is specifically tailored to empower and support young individuals under the age of 35, encouraging them to pursue their entrepreneurial aspirations.
Flexible Loan Amount
Borrowers can access funds ranging from a minimum of Rs 100,000 up to a maximum of Rs 1,000,000, providing financial flexibility to pursue their business ventures.
Grace Period
A grace period of 6 months is provided, during which borrowers are required to pay only the monthly interest. This grace period enables entrepreneurs to focus on setting up their ventures before commencing regular loan repayments.
Support for Local Entrepreneurship
By providing financial assistance and encouragement, the loan aims to promote entrepreneurship within the country, enabling youth to create employment opportunities and contribute to local economic growth.
Subsidized Interest Rate
As an incentive for youth entrepreneurship, the loan offers a subsidized interest rate, reduced by 1%, making it more affordable and attractive for young borrowers.
Extended Tenure
The loan offers a maximum repayment period of 5 years, allowing borrowers ample time to establish and grow their businesses without the burden of immediate repayment.
Competitive Interest Rate
The Youth Entrepreneurship Loan offers a favorable interest rate of 14.75%, ensuring affordable financing options for young entrepreneurs.
Dedicated Member Service
Chandragiri Savings and Credit Cooperative Ltd offers personalized support and guidance throughout the loan application process, ensuring a smooth and hassle-free experience for aspiring young entrepreneurs.
Benefits
Encourages Youth Entrepreneurship
The Youth Entrepreneurship Loan encourages young individuals to pursue their entrepreneurial dreams by providing them with the necessary financial support and incentives.
Subsidized Interest Rate
The loan offers a subsidized interest rate, reduced by 1%, making it more affordable and attractive for aspiring young entrepreneurs.
Grace Period
The grace period of 6 months allows borrowers to focus on setting up their businesses before starting regular loan repayments, easing the initial financial burden.
Promotes Local Employment
By supporting youth entrepreneurship within the country, the loan contributes to the creation of employment opportunities, promoting local economic growth and self-reliance.
Contributes to National Development
By encouraging youth to establish successful businesses within the country, the loan contributes to overall national development, reducing reliance on overseas employment and promoting self-sufficiency.
Financial Flexibility
With a range of loan amounts available, from a minimum of Rs 100,000 up to a maximum of Rs 1,000,000, borrowers have the flexibility to access the funds they need to start or expand their businesses.
Extended Repayment Tenure
The loan provides a generous repayment period of up to 5 years, giving entrepreneurs ample time to establish and grow their ventures without the pressure of immediate loan repayment.
Competitive Interest Rate
The Youth Entrepreneurship Loan offers a competitive interest rate of 14.75%, ensuring affordable financing options for young entrepreneurs.
Empowers Youth
The loan empowers young individuals to take control of their futures, fostering independence, creativity, and innovation in the business landscape.
Disclaimer:
At Chandragiri Savings and Credit Cooperative Ltd, we are committed to supporting the entrepreneurial aspirations of the youth with our Youth Entrepreneurship Loan. While we strive to provide accurate and timely information, please note that the loan terms and conditions are subject to the cooperative’s policies and regulations. We encourage you to consult with our dedicated team to fully understand the loan features, eligibility criteria, and any other relevant details. We are here to assist you in realizing your entrepreneurial dreams and contributing to the growth and development of our nation.