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Government Sponsored Schemes

ICICI Bank offers loans for income generating activities under various schemes launched by the Central Government and State Governments.

Under these schemes, the applicant can avail a loan to start his/her own business, which will help improve livelihood and uplift the standard of living.       

Indicative list of documents that a customer needs to submit as a part of the Pre-sanction process (to avail a loan under GSS):

  • KYC documents as per the latest KYC guidelines (Aadhaar Card/ Voter ID)

  • PAN (if available)

  • Income Certificate (issued by a competent authority) (wherever applicable)

  • Caste Certificate (wherever applicable)

  • Education Certificate (wherever applicable)

  • Proposed project report

  • Udyam Certificate (if available)

  • Rental Agreement (for business premise)

  • Consent Agreement (for business premise)

  • Scheme-specific documents (if any)

  • Udyam Registration Certificate (URC) is mandatory to classify the loan under MSE* (subject to norm fulfilment)

*Timeline for credit decision for Micro & Small Enterprise (MSE) applications will be 14 days from the date of submission of the documents.

Click here for GSS- Loan Application Form

Click here for GSS- Loan Agreement

Click here for Annual Percentage Rate Calculator

Grievance redressal mechanism:

ICICI Bank follows a three-level grievance redressal mechanism.

Call us on our toll-free number 1800 200 3344 between 9.00 a.m. to 06.00 p.m.

OR

Raise a complaint through the below link: <https://nli.icicibank.com/NewRetailWeb/loadGrievanceFormOne.htm>

For a few schemes, the interest rates are specified by the Government, while the other schemes are offered at interest rates that are decided as per the pricing policy* of the Bank. Various charges levied by the Bank are as follows:

Interest rates, Charges and Fees

Nature of charges Details

Processing Fee while disbursing loan above Rs 25,000

2% (plus applicable taxes) of the loan amount

* Interest rate p.a.

Fixed rate of 17.10%

Stamp duty and other statutory charges

As per applicable laws of the State

CGTMSE^ Fee while disbursing the loan

As per CGTMSE fee tax invoice

^CGTMSE: Credit Guarantee Fund Trust for Micro and Small Enterprises

Penalty Charges

Nature of charges Details

Penalty Charges

Nil

Foreclosure fee Nil
Bouncing charges applicable on non-servicing of Interest on or before due date Nil
Charges incurred in filing legal suit in case of loan default At actual (if applicable)
Professional charges (Lawyer Charges) in case of loan default At actual (if applicable)
Non Maintenance of Mode of Payment charges (NMMP) Rs 800 (if applicable)