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PNB Innovate Scheme

Startup finance above ₹20 lakh and up to ₹50 crore for eligible innovation or scalable businesses, through cash credit, term loan, overdraft or / facilities.

Finance amountMore than ₹20 lakh and up to ₹50 crore.Interest rateSet according to credit-risk rating; the scheme states a 0.50% concession for women entrepreneurs. No base numeric rate or rating-to-rate table is included in this scheme PDF.Customer typeDPIIT- or Government-recognized startup entities meeting PNB's published entity, age and turnover conditions
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Quick eligibility check

PNB Innovate Scheme

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Startup must work on innovation, development or improvement of products, processes or services, or operate a scalable model with high employment or wealth-creation potential?

Published source: Startup eligibility

2Do you meet this requirement: Permitted constitution includes private limited company, registered partnership, LLP, eligible multi-state or state/UT cooperative society, or another form accepted under Startup India rules?

Published source: Startup eligibility

3Do you meet this requirement: Recognition/registration must be with DPIIT, Government of India or another Government department?

Published source: Startup eligibility

4Does your age meet this requirement: Age is up to 10 years from incorporation, or up to 20 years for a recognized deep-tech startup?

Published source: Startup eligibility

5Does your annual turnover meet this requirement: Turnover in any financial year since incorporation/registration must not exceed ₹200 crore, or ₹300 crore for deep-tech startups?

Published source: Startup eligibility

6Document checkDo you have at least one of these required documents: PNB's linked MSME checklist is indicative, not startup-specific or exhaustive: identity/address and business details; applicable Udyam/GST registration; recent bank statements; financial statements and tax returns; projections; promoter/guarantor assets and liabilities; and, for term finance, project report, approvals and security/title documents as applicable. PNB's application forms vary by amount: PNB-1166 up to ₹1 crore, PNB-1016 above ₹1 crore and below ₹2 crore, and the above-₹2-crore MSME form?

Published source: Documents

7Document checkDo you have at least one of these required documents: PNB's linked MSME checklist is indicative, not startup-specific or exhaustive: identity/address and business details?

Published source: Documents
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 5 Oct 2026 · active
Offered byPunjab National Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible usesPrototype creation; product, website or app development; team hiring; raw materials, machinery and equipment; legal and consulting services; other pre-operative expenses; licences and certifications; marketing and sales; office purchase or lease and administration; furnishing or renovation; advances against future receivables of reputed firms/companies; and working capital.View source
The scheme's full purpose row lists these project, operating and working-capital uses.
Source
PNB Innovate Scheme
Page / section
page 1, row 1 — Purpose
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Startup eligibilityStartup must work on innovation, development or improvement of products, processes or services, or operate a scalable model with high employment or wealth-creation potential. Permitted constitution includes private limited company, registered partnership, LLP, eligible multi-state or state/UT cooperative society, or another form accepted under Startup India rules. Recognition/registration must be with DPIIT, Government of India or another Government department. Age is up to 10 years from incorporation, or up to 20 years for a recognized deep-tech startup. Turnover in any financial year since incorporation/registration must not exceed ₹200 crore, or ₹300 crore for deep-tech startups.View source
PNB publishes the innovation/scalability test, permitted entity forms, recognition routes and separate regular/deep-tech age and turnover limits.
Source
PNB Innovate Scheme
Page / section
page 1, row 2 — Eligible Borrower; deep-tech footnote
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
FacilitiesCash credit, term loan, overdraft, letter of credit and bank guarantee.View source
All four facility types are listed in the scheme table.
Source
PNB Innovate Scheme
Page / section
page 1, row 3 — Type of Facility
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Finance amountMore than ₹20 lakh and up to ₹50 crore.View source
The source says minimum above ₹20 lakh and maximum ₹50 crore; the lower boundary is strict.
Source
PNB Innovate Scheme
Page / section
page 1, row 4 — Loan Amount
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Borrower margin25%; seed or venture-capital funds invested by venture capitalists/angel funds count as margin/equity.View source
The scheme states 25% margin and specifically treats qualifying seed/VC/angel investment as margin/equity.
Source
PNB Innovate Scheme
Page / section
page 1, row 5 — Margin
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
MoratoriumUp to 36 months.View source
The scheme table caps the moratorium at 36 months.
Source
PNB Innovate Scheme
Page / section
page 1, row 6 — Moratorium
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Primary securityHypothecation of assets financed by the Bank; charge on intellectual property rights when financed by the Bank; and right/lien over products, patents, copyrights and results created from Bank finance.View source
All primary-security clauses in row 7 are retained.
Source
PNB Innovate Scheme
Page / section
page 1, row 7 — Primary Security
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Collateral securityOne of the stated alternatives: pledge of promoters' shares, minimum 10% and maximum less than 30%; or minimum 25% collateral as immovable property/liquid security; or NCGTC credit-guarantee coverage up to ₹20 crore.View source
The separates three OR alternatives; coverage is limited to ₹20 crore.
Source
PNB Innovate Scheme
Page / section
page 1, row 8 — Collateral Security
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Scheme fees and prepaymentUpfront, processing, inspection and commitment charges: NIL. Prepayment penalty: NIL.View source
PNB marks the four named charges and prepayment penalty as NIL. The separate general / tariff is not assigned here because these sources do not state whether it overrides or supplements this scheme waiver.
Source
PNB Innovate Scheme
Page / section
page 1, row 9 — Service Charges
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Interest rateSet according to credit-risk rating; the scheme states a 0.50% concession for women entrepreneurs. No base numeric rate or rating-to-rate table is included in this scheme PDF.View source
The scheme states that pricing follows credit-risk rating and a 0.50% concession for women entrepreneurs; the includes no numeric base rate.
Source
PNB Innovate Scheme
Page / section
page 1, row 10 — Rate of Interest
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
PNB Innovate Scheme — official product page
Page / section
Published product metadata
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Customer typeDPIIT- or Government-recognized startup entities meeting PNB's published entity, age and turnover conditionsView source
The manually reviewed product record states: “- or Government-recognized startup entities meeting PNB's published entity, age and turnover conditions”.
Source
PNB Innovate Scheme — official product page
Page / section
Published product metadata
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
Turnover / vintageStartup age up to 10 years from incorporation, or 20 years for a recognized deep-tech startup. Turnover must not exceed ₹200 crore in any financial year since incorporation/registration, or ₹300 crore for a deep-tech startup.View source
The manually reviewed product record states: “Startup age up to 10 years from incorporation, or 20 years for a recognized deep-tech startup. Turnover must not exceed ₹200 crore in any financial year since incorporation/registration, or ₹300 crore for a deep-tech startup.”.
Source
PNB Innovate Scheme — official product page
Page / section
Published product metadata
Accessed
5 Oct 2026
Confidence
high
Open official source ↗
DocumentsPNB's linked MSME checklist is indicative, not startup-specific or exhaustive: identity/address and business details; applicable Udyam/GST registration; recent bank statements; financial statements and tax returns; projections; promoter/guarantor assets and liabilities; and, for term finance, project report, approvals and security/title documents as applicable. PNB's application forms vary by amount: PNB-1166 up to ₹1 crore, PNB-1016 above ₹1 crore and below ₹2 crore, and the above-₹2-crore MSME form.View source
The manually reviewed product record states: “PNB's linked checklist is indicative, not startup-specific or exhaustive: identity/address and business details; applicable Udyam/ registration; recent bank statements; financial statements and tax returns; projections; promoter/guarantor assets and liabilities; and, for term finance, project report, approvals and security/title documents as applicable. PNB's application forms vary by amount: PNB-1166 up to ₹1 crore, PNB-1016 above ₹1 crore and below ₹2 crore, and the above-₹2-crore form.”.
Source
PNB Innovate Scheme — official product page
Page / section
Published product metadata
Accessed
5 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to 36-month moratorium
  • 25% margin; qualifying seed/venture/angel funding counts as margin/equity
  • Scheme sheet lists upfront, processing, inspection and commitment charges as NIL and prepayment penalty as NIL
  • 0.50% rate concession for women entrepreneurs

Eligibility

  • Startup working on innovation, product/process/service development or improvement, or a scalable model with high employment or wealth-creation potential; permitted constitution and /Government recognition rules apply.
  • Startup age up to 10 years from incorporation, or 20 years for a recognized deep-tech startup. Turnover must not exceed ₹200 crore in any financial year since incorporation/registration, or ₹300 crore for a deep-tech startup.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • PNB's linked checklist is indicative, not startup-specific or exhaustive: identity/address and business details; applicable Udyam/ registration; recent bank statements; financial statements and tax returns; projections; promoter/guarantor assets and liabilities; and, for term finance, project report, approvals and security/title documents as applicable. PNB's application forms vary by amount: PNB-1166 up to ₹1 crore, PNB-1016 above ₹1 crore and below ₹2 crore, and the above-₹2-crore form.

Related official documents

PNB Innovate Schemeofficial-msme-startup-scheme-pdf · text-reviewed-visual-pending · accessed 5 Oct 2026
↗
PNB application for MSME loans above ₹1 crore and below ₹2 crore — PNB-1016/2017official-msme-loan-application-form · text-reviewed-visual-pending · accessed 5 Oct 2026
↗
PNB application for MSME loans above ₹2 croreofficial-msme-loan-application-form · text-reviewed-visual-pending · accessed 5 Oct 2026
↗
PNB application for MSME loans up to ₹1 crore — PNB-1166/2013official-msme-loan-application-form · text-reviewed-visual-pending · accessed 5 Oct 2026
↗
PNB MSME Banking catalogueofficial-product-catalogue · current-catalogue-page · accessed 7 Oct 2026
↗
PNB MSME loan documents checklistofficial-msme-application-checklist-pdf · text-reviewed-visual-pending · accessed 5 Oct 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Purpose · PNB-published termPrototype; product, website or app development; hiring; raw materials, machinery and equipment; legal/consulting; other pre-operative costs; licences/certifications; marketing/sales; office purchase/lease and administration; furnishing/renovation; advances against future receivables of reputed firms/companies; working capital.

This value is copied from PNB Innovate Scheme — published terms. Check the table notes before relying on it.

Source: PNB Innovate Scheme · page 1, rows 1–10 and deep-tech footnote Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 11 rows · 2 columnsPNB Innovate Scheme — published termsAll ten numbered terms and the deep-tech footnote from PNB's current linked scheme sheet.View tableHide table

Scroll sideways to view every column

PNB Innovate Scheme — published terms
ParameterPNB-published term
PurposePrototype; product, website or app development; hiring; raw materials, machinery and equipment; legal/consulting; other pre-operative costs; licences/certifications; marketing/sales; office purchase/lease and administration; furnishing/renovation; advances against future receivables of reputed firms/companies; working capital.
Startup test and constitutionInnovation, product/process/service development or improvement, or a scalable employment/wealth-creation model. Private limited company, registered partnership, , eligible multi-state/state/UT cooperative society, or other Startup India-accepted form.
Recognition, age and turnover, Government of India or another Government department recognition/registration; up to 10 years from incorporation (up to 20 years for recognized deep-tech); turnover up to ₹200 crore in any year since incorporation (₹300 crore for deep-tech).
FacilitiesCash credit; term loan; overdraft; letter of credit/bank guarantee.
AmountStrictly above ₹20 lakh and up to ₹50 crore.
Margin25%; seed capital or venture/angel funding counts as margin/equity.
MoratoriumUp to 36 months.
Primary securityHypothecation of financed assets; charge on bank-financed intellectual property; lien over products, patents, copyrights and results created from bank finance.
Collateral alternativesPromoter-share pledge of at least 10% but less than 30%; or at least 25% immovable-property/liquid collateral; or guarantee coverage up to ₹20 crore.
Scheme chargesUpfront, processing, inspection and commitment charges NIL; prepayment penalty NIL. Interaction with the separate general / tariff is not resolved by the scheme sheet.
InterestAs per credit-risk rating; 0.50% concession for women entrepreneurs. No base rate/rating grid is printed on this sheet.
  • The does not publish a dated or a single fixed term-loan repayment tenure. The general application forms are amount-banded and are not startup-specific.
  • A separate general PNB / commission schedule exists; the scheme document does not state whether it supplements the listed charge waiver.
PNB Innovate Scheme · page 1, rows 1–10 and deep-tech footnote · accessed 5 Oct 2026Open official source ↗
Table 2 · 8 rows · 2 columnsPNB MSME application — indicative document checklistThe bank-wide linked MSME checklist and form requirements; these items are conditional and do not replace product-specific sanction requirements.View tableHide table

Scroll sideways to view every column

PNB MSME application — indicative document checklist
AreaPNB-published documents or information
Applicant and entityApplicant/entity details; proprietor/partner/director identity, residence and business address evidence; constitution documents; promoter/guarantor assets and liabilities; promoter/director income-tax returns; unit profile, ownership/shareholding and legal-heir information where applicable.
Registrations and compliance/Udyam or registration where applicable; rent agreement and pollution-control clearance where applicable; statutory approvals and latest tax-return/compliance details as applicable.
Banking and credit historyLast six months' account statements; details of current facilities and other-bank limits; applicant should not be a bank/FI defaulter; takeover sanction letters, terms and account status where applicable.
Financial recordsLast three years' audited balance sheets and tax/ returns; provisional balance sheet if latest audited statement is unavailable; audited statements required for exposure above ₹25 lakh under the linked up-to-₹1-crore form; year-to-date balance sheet/profit-and-loss; projections/cash budget for two years for working capital or for the term-loan period.
Term-loan projectProject report with equipment, supplier, cost, capacity/utilization, production/sales, staffing and financial projections; applicable government approvals, land/allotment/title documents and architect cost certificate.
Security and guaranteeLease/title deeds and approved property plans for primary/collateral security; guarantor and collateral particulars; external risk rating; orders/contracts and /export details where those facilities are sought.
Business operationsMonth-wise sales/production/stock/debtor/creditor/account review; management, supplier and buyer profile; top 20 supplier/customer details in the checklist; associate-company statements/borrowings where applicable.
Conditional additionsTakeover, distributor/franchise, future-lease-rental or other facility-specific documents are required only when that financing route is relevant; the checklist says local requirements may add items.
  • The form's checklist says it is indicative, not exhaustive. PNB may seek additional papers according to facility, exposure, branch requirements and the application route.
PNB loan documents checklist and linked application forms · Checklist pages 1–2; PNB-1166 form page 7; PNB-1016 and above-₹2-crore form reviewed pages 1–8 and 1–6 · accessed 5 Oct 2026Open official source ↗

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