Micro & Small Enterprises in rural, semi urban, urban and metro branches
Composite Loan in the Form of Demand/Term Loan
Investment and working capital requirements. This product will be offered to those Micro & Small Enterprises who require both working capital and term/demand loan.
|For units located in||Maximum Amt of Loan|
I-Term Loans under the scheme will not attract term Premium as approved by ED/26.07.2010 II-ROI is linked to Base Rate (Floating).
|Upto Rs.50,000/-||10.20%||I-Concession of 0.50%
in ROI on account of
cover has already been
II-No other concession
including those meant
for Priyadarshini, SME
rating etc., will be
extended under the
III-No further account
specific concession to
Loan is to be repaid in maximum 5 years with a moratorium of 3 to 6 months to be determined on the merits of each case.
No collateral security/third party guarantee to be obtained.
|Above Rs.1,00,000/- upto Rs.5,00,000/-||Rs.1,000/-|
|Above Rs.5,00,000/- upto Rs.10,00,000/-||Rs.1,500/-|
|Above Rs.10,00,000/- upto Rs.50,00,000/-||Rs.5,000/-|
|Above Rs.50,00,000/- upto Rs.100,00,000/-||Rs.10,000/-|
The scheme will be implemented directly by the Bank. No outside agency whether Government or otherwise will be involved in the implementation
Advance under this scheme will be classified MSME advance with Sector Code 32, Scheme Code 209 and Special Category Code from 150 to 173 depending upon the original cost of investment in plant & machinery/ equipment. BSR Code will depend upon the activity.