India
France
HongKong
Japan
Kenya
New Zealand
Singapore
USA
Tanzania
UK
Uganda
Vietnam
Antwerp
Dubai
IBU GIFT CITY
Indonesia
Accounts
Cards
Loans
Deposit
Accounts
MSME
Corporate
Merchant Acquiring Business
Authorised Branches/ Centralised Office
Export Finance
Investments
FX Retail
Special Rupee Vostro Account
Govt. Deposit Schemes
Mutual Funds
Insurance
Accounts
Loans
Invest with us
Insure with us
Remit Money
Ancillary Services
Forms and FAQs
KYC - Updation
Agri Products
Financial Inclusion
Ancillary Services
For meeting the Fund Based (Working Capital / Term Loan) and Non fund based (BG/LC) Requirements of units/borrowers in a particular cluster.
Objectives
To frame cluster based schemes for providing assistance to a pool of borrowers engaged in common business activity in a particular geographical area.
Nature of Facility
Working Capital, Term Loan and NFB (LC/BG ) limits
Quantum of Finance
The quantum of finance to an individual borrower in a specific cluster should be need based and to be assessed as per requirement of business.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
Identification of Cluster
- To be identified as per potential available in the cluster.
- Minimum 30 units should be active within the cluster.
- A Cluster may be defined as a geographical area within a range of say 200 km to 250 km.
- All the units in the cluster should have proper backward/forward integration/linkages
- Cluster identified by UNIDO ,Ministry of MSME
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
Eligibility criterion for individual borrowers under cluster
- All business entities engaged in manufacturing /services and should be classified under MSME, as per MSMED act.
- All business entities should have valid GST Registration, wherever it is applicable.
Security criterion for individual borrowers
CGTMSE covered accounts:
- CGTMSE coverage should be obtained in all eligible accounts.
- Coverage under Hybrid Security Product of CGTMSE to be encouraged.
Non CGTMSE Covered accounts:
- For Working Capital :Minimum CCR: 0.65
- For Term Loan /Composite Loan: Minimum FACR:1.00
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
PRODUCTS YOU MAY LIKE
