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MSME

Target

 

Civil, mining, engineering, transport contractors.

Eligibility

 

Established contractors engaged in business for past three years having Audited Financials and entry level rating SBS 5

Purpose

 

Meeting Working capital needs.

Facility

 

Working capital requirement in the form of Cash Credit, Non Fund based facility Letter of Credit, Bank Guarantee

Quantum

 

The extent of finance is Rs.10 lacs Rs.500 lacs.

Margin

 

20% fund based limit & 15% cash margin on NFB

Security

 

Primary :

First charge on company’s fixed & current assets .

 

Collateral :

ACR of 1.50 to be maintained.