Overall exposure including Term Loan and LC should not exceed Rs.2 Crs.
Term Loan for setting up of Oxygen Plant:
In case of existing customers 100% financing can be considered with Nil Margin
In case of New to Bank Customers, 15% margin. Margin may be waived
RBLR +0.65% presently effective 7.50% (if Guarantee scheme on the line of ECLGS is available)
RBLR +1.30% presently effective 8.15% (if covered under CGTMSE)
Hypothecation of the assets financed by the Bank (Current assets, Fixed assets, consumables, debtors). In case of Multiple Banking/ Consortium, Loan facility shall rank pari-passu with the existing credit facilities, in respect of underlying security as well as cash flows for repayment.
Loans to be covered under CGTMSE.
Maximum period of 5 years including moratorium period of 6 months.
LC:On due date by debit to Term Loan.
Processing charges- Waived. All other charges as applicable to MSME accounts
Up to 31.03.2022