Eligibility |
Any individual / partnership firm / Public or Private Ltd. Companies desirous of promoting MSEs (Manufacturing sector) with investment in Plant & Machinery not exceeding Rs. 5 crore and Medium Enterprises with investment in plant & Machinery is above Rs. 5 Crore and upto Rs. 10 crores. |
Extent of Finance |
Need based (both fund based and non-fund based) |
Margin |
Working Capital/ Medium Term Loan a) No margin up to Rs.25000/- b) Credit limit over Rs.25000/- |
Flexible approach:15% – 25% depending on the merits of each case |
Security |
Primary: i) Assets created out of Bank finance Collateral:
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Interest |
As per prevailing rates from time to time |
Export Finance |
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