MSMME Loans

Cash Credit/Overdraft

Purpose :

Working capital finance required to meet the cost during the operating cycle or working capital cycle against primary security of hypothecation of current assets

Eligibility :

Can be individuals, proprietary, partnership concerns, SHGs, Companies, Trusts, Co-operatives etc. who are creditworthy. If new units, ensure the market reputation of promoter and satisfactory past dealings with other banks, if any.

Margin

  • Upto Rs.25000/- NIL
  • Above Rs.25000/- 20% of WC requirement

Tenability

2 yrs, subject to annual review

Term loans scheme for MSME sector

Purpose :

Long term financial assistance for MSME sector to acquire plant, machineries and other fixed assets for setting up of new units /repair, replacement, expansion/modification of existing units.

Eligibility :

Can be individuals, proprietary, partnership concerns, SHGs, Companies, Trusts, Co-operatives etc. who are creditworthy. If new units, ensure the market reputation of promoter and satisfactory past dealings with other banks, if any

Margin

  • For loans upto Rs.25000/- - No margin
  • Above Rs.25000/- -25% of the project cost

Repayment

Maximum 10 years In equated monthly/quarterly installments based upon the DSCR, cash generation – IRH can be considered 12 to 18 months depending upon nature of activity/gestation period

Quick Enquiry

Financial support to the farmers for meeting the short term needs in crop production.

Details
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