Micro Credit

Micro Credit

ICICI Bank provides financial assistance to the MFIs in the form of Term loan, Overdraft and Portfolio Buyout facilities. The Bank has established a dedicated micro finance development team responsible for providing these facilities to the MFIs.
Term Loan and Overdraft Term loan is extended for on lending to micro finance clients. In addition to the above, the Bank extends Over Draft (OD) facility to tide over temporary cash flow mismatches. These facilities are extended to MFIs registered as Societies, Trusts, Not-for-profit Companies, Co-operatives, Credit co-operatives, MACS, CDS and NBFC.
Portfolio Buyout ICICI Bank buys unencumbered, direct agricultural and/or weaker section portfolio originated by the MFI (registered as NBFC) through the process of Direct Assignments. These are bilateral transactions that are entered into directly between the MFI and the Bank.
Above mentioned facilities are extended at the discretion of ICICI Bank.

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