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Loans to Micro & Small Enterprises (MSEs)

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:

  • Obtention of collateral Security exempted
  • Up to Rs. 5 lacs
  • Over Rs. 5 lacs and up to Rs. 25 lacs, based on good track record and satisfactory financial position
  • Over Rs.25 lacs at the discretion of the Bank
Interest
As per prevailing rates from time to time
Export Finance
  • Establishment of Letter of Credit
  • Pre-shipment finance
  • Post-shipment finance
  • Assistance against Duty draw back
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