Loans to Micro & Small Enterprises (MSEs)

Eligibility
Any individual / partnership firm / Public or Private Ltd. Companies desirous of promoting MSEs (Manufacturing sector) with investment in Plant & Machinery not exceeding Rs. 5 crore and Medium Enterprises with investment in plant & Machinery is above Rs. 5 Crore and upto Rs. 10 crores.
 
Extent of Finance
Need based (both fund based and non-fund based)
 
Margin
Working Capital/ Medium Term Loan
a) No margin up to Rs.25000/-
b) Credit limit over Rs.25000/-
Flexible approach:15% – 25% depending on the merits of each case
 
Security
Primary:
i)   Assets created out of Bank financeCollateral:

  • Obtention of collateral Security exempted
  • Up to Rs. 5 lacs
  • Over Rs. 5 lacs and up to Rs. 25 lacs, based on good track record and satisfactory financial position
  • Over Rs.25 lacs at the discretion of the Bank
 
Interest
As per prevailing rates from time to time
 
Export Finance
  • Establishment of Letter of Credit
  • Pre-shipment finance
  • Post-shipment finance
  • Assistance against Duty draw back

 

SSI Registration, MSME Registration

Advertisements
Discover

A daily selection of the best content published on WordPress, collected for you by humans who love to read.