Small & medium enterprises strategic business unit
All the interest rates are linked to Base Rate (floating) which is 9.70% w.e.f. 05.10.2015. Please note that irrespective of the category of the borrower (i.e. micro, small, medium and others) the rate of interest will be as per the limit proposed and credit rating assigned. The applicable rating models are:
Sr No
Limits (Rs.)
Applicable rating Model
Presently in force
From
To
1
1
< 10 Lakh
No rating
2
10 Lakh
< 5 Crore
SBS
3
5 Crore
<30 Crore
MS
4
30 Crore and above
HLC
Please also note importantly that ‘Tenor Premium’ is to be added to the interest rates for all term loans with limits of above Rs.10 lakhs with repayment period exceeding 1 year (door to door).
Regulatory MSME ( As per MSMED Act 2006) will include the followings:
Category of
Amount of Original Investment
Enterprise
Investment in Plant & Machinery in case of units
engaged in Manufacturing /
preservation of goods
(including Processing Units)
Investment in Equipment in case of units engaged in providing /rendering services
Micro Enterprise
Not to exceed Rs.25 Lakh
Not to exceed Rs.10 Lakh
Small Enterprise
More than Rs.25 Lakh but not exceeding Rs.5 Crores
More than Rs.10 Lakh but not exceeding Rs.2 Crore
Medium Enterprise
More than Rs.5 Crore but not exceeding Rs.10 Crores
