LAGHU UDHYAMI CREDIT CARD SCHEME (LUCC)

FACILITY

Cash Credit/ Overdrafts

PURPOSE

To make credit delivery system simple by waiving cumbersome procedural aspects relating to
renewals, submission of balance sheet and periodical stock statement and introducing
simplified application form based on Scoring Model eligibility.

ELIGIBILITY

All existing small/ medium enterprises, retail traders, artisans, SSI (Now MSE) units, tiny units and
Professionals and self employed persons etc. availing working capital requirements upto Rs.20.00
lacs and with satisfactory dealing for last two years. However, units which do not enjoy credit limit
with our Bank / other Banks for the present, with excellent performance may also be considered.

PROCESSING CHARGES

Processing charges will be recovered at the time of limit sanctioned and then recovered on annual
basis at the time of renewal/Review the limit. It will be recovered at the rates applicable on SIB
segment from time to time.

VALIDITY

Credit card limit will be valid for a period of 3 years subject to satisfactory conduct of the A/c.
Internal review based on last 12 months turnover in the account and conduct of account will be
done annually.

STOCK STATEMENT

Waived. However, annual stock statement as on February end is to be submitted for arriving at
Drawing power for statutory audit purpose (for all working capital accounts).

FIXATION OF LIMIT

(i) In case of Artisans, Retail Traders, Small Entrepreneurs and Businessmen:

20% of annual turnover declared for tax purposes OR last 12 months turnover in the operative
account, whichever is higher. In case of parties with good track record where sales tax returns are
not available - limit to be fixed based on actual turnover in the account during the last 2 years.
(ii). For Professionals & Self Employed Persons, 50% of gross annual income as per Income Tax
return will be considered as the limit for issuing LUCC.
(iii). For SSI (Now MSE) units including Tiny sector units, assessment norms in vogue as per
Nayak Committee recommendations would continue.

Margin

A 25% margin shall be stipulated for credit facility covered under LUCC scheme.

SCHEME FOR PROVIDING SPECIAL CONTINGENCY LOAN FACILITY TO
RETAIL TRADERS AND SMALL BUSINESS "TATKAL VYAPAR SUVIDHA"


FACILITY

OVERDRAFT IN CURRENT ACCOUNT

PURPOSE

To meet additional funds requirements over and above the normal requirements for various
purposes such as for maintaining higher stocks, for making advance payment to suppliers, payment
of sales tax and other taxes etc.

ELIGIBLE BORROWERS

All traders and small businesses falling under SBF sub-segment enjoying credit facility with the
Bank.

QUANTUM OF FINANCE & PERIOD

20% of fund based working capital limits for a maximum period of 45 days in each instance, to be
extended only twice a year to a borrower that too after a gap of two months. If the outstanding
under the facility is not liquidated within 45 days, the facility will be treated as irregular.

SANCTION

At the time of renewal of working capital facilities.

RATE OF INTEREST -

As applicable to clean advances.

AVAILMENT

Through a separate account Tatkal Vyapar Suvidha A/c. No cheque Book to be issued. Drawings
to be permitted against a single letter of request mentioning purpose and source from which
drawings would be adjusted.

Not to be availed by borrowers as a matter of right but to be released by Branch Manager at his
discretion to meet certain exigencies.


GENERAL PURPOSE TERM LOANS TO SSI (Now MSE) SECTOR

FACILITY
TERM LOAN

PURPOSE
Any general commercial purpose such as shoring up of NWC, capital expenditure, substitution of
high cost debt, research and development expenditure, quality up gradation to ISO standards, etc.

ELIGIBILITY
i. Existing SSI (Now MSE) borrowers with "Excellent' credit rating / CRA rating SBBJ TL-3 and
above
ii. Should have earned pre-tax profits in each of the immediately preceding 3 years.
iii. The unit should not have any history of default in payment of interest/installments.

INDICATIVE FINANCIALS
Minimum gross DSCR: 1.75,
TOL/TNW: Max. 3:1
Total long term Liability to Equity: Max. 2:1
Current Ratio: Minimum 1.

QUANTUM OF LOAN :
Upto Rs.50 lacs.

MARGIN
Minimum margin of 25% for loans for acquisition of land and building, construction of building,
up gradation and renovation of offices, showrooms, godowns, purchase of equipments, vehicles,etc.

INSPECTION: Quarterly.

SECURITY
Primary - Extension of hypothecation charge over current & fixed assets.
Collateral - (i) Extension of charge over existing collateral.
(ii) Additional collateral security to be explored.
(iii) Personal guarantee of Prop./Partners/Promoters.
(iv) Modification charge with ROC if applicable.

RATE OF INTEREST

Rates for SSI (Now MSE) Advances applicable from time to time as per CRA rating.


REPAYMENT

The General Purpose Term Loan shall be repayable normally in three years, and upto 5 years in
deserving cases in monthly, quarterly installments as per normal cash generation cycle.


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SME SMART SCORE" SCHEME


FACILITY

Cash Credit for working capital
Term Loan for fixed Assets

Purpose

To simplify the loan approval process.
To cut down the delays in loan approval.
To introduce consistency in approvals and eliminate subjective assessments.

Eligibility

Small and medium industrial and trading enterprises under SIB and C&I segment.

The model is based on a set of characteristics, which are grouped as Personal, Business &
Collateral with maximum score of 100. An eligible borrower should get minimum score of 60 out
of 100 and 50 % in each group. For renewal, minimum score should be 60%.

Personal details - Max. 30 points.
Business details - Max. 50 points.
Collateral - Max. 20 points.

Scheme is available only if: -
-- Chief promoters age is below 60 years.
-- He belongs to local area or his antecedents can be verified with satisfaction.
-- He is not defaulter of the bank in loans/guarantee.
-- All clearances including Environment clearance have been obtained.

Nature and Quantum of Loan

Minimum of 20% of projected sales for working capital and 67% of project cost for term loans
within the overall limit of Rs.5 lacs to Rs.25 lacs. Higher quantum can be fixed based on subjective
assessment.
However, if the borrower is unwilling to take up minimum, the loan amount can be lowered but in
such case, the branch should get fully satisfied about the ability of the borrower to bring the needed
funds.
Non-fund based facilities can also be sanctioned on best judgment basis within the discretionary
powers delegated to the Sanctioning Authority.


Credit Rating & Pricing

CRA rating not required.
Rate of interest will be as applicable for SSI (Now MSE) loans upto Rs.25.00 lacs.

Loan Repayment & Renewal

Repayment period of term loan not exceeding 5 years (excluding maximum Moratorium period of 6
months) and subject to renewal every year for working capital loans. Working Capital loans can
also be renewed and term loans could be reviewed if the credit score is 60 and above.

Override

In case of ineligibility under the model, the loan can be sanctioned under existing assessment and
appraisal method.


Benefits of scoring pattern

i. Transparent- Loan assessor know want the Bank looks for.
ii. Marketing of loan become easier. Uncertainties regarding sanction of loan will be
avoided.
iii. Reduce Accountability Phobia.


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" ARTISANS CREDIT CARD" SCHEME

Facility

Term Loan & Cash Credit

Purpose

To provide adequate and timely credit facility to small and tiny units of artisans for their
Investment as well as working capital needs.

Eligibility

Artisans, not benefited under other Govt. loan schemes, involved in production /manufacturing
process would be eligible for finance under the Scheme.
- Thrust on clusters of Artisans and SHGs.
- Preference to Artisans registered with Development Commissioner (Handicraft).
- Existing Artisan borrowers enjoying credit facility upto Rs.2 lac and having satisfactory dealings
with the Bank also eligible.

Amount of Loan

Maximum Rs.2.00 lac (TL +WC).

Security

Collateral Security will not be insisted upon. However, obtaining proper security documents will
hypothecate assets financed.

Rate of Interest

As applicable to SIB segment advances from time to time.

Validity - Three years, with annual review.

Margin - Upto Rs.25000/- - Nil.
Over Rs.25000/- - 20%.

Inspection - Quarterly.

Submission of Stock Statement - Waived.


Fixation of Credit Limit -

i. Term Loan Cost of tools and equipments.
ii. Working Capital As per Nayak Committee recommendations (20% of anticipated turnover).

Repayment:- Repayment schedule can be fixed for purchase of tools & equipments.

Credit Guarantee Scheme of CGTSI

Under the scheme Guarantee fee & annual service charges payable to CGTSI for obtaining
guarantee cover will be borne by the office of the Development Commissioner (Handicrafts). The
Development Commissioner (Handicraft) has placed advance funds with the CGTMSE from which
the amount of guarantee fee and annual service fee will be appropriated by CGTMSE for guarantees
issued / validated.

Other Benefits

i. After sanctioning the loan, credit card, which would be valid for three years, will be issued to the
borrower subject to an annual review.
ii. Borrower would not be required to submit financial statements for the purpose of annual review
and no fee would be charged for that purpose.
iii. Borrowers registered with Development Commissioner (Handicrafts) would be eligible for
coverage under Group Insurance Scheme. Further, one time guarantee fee and annual service fee is
born by the Development Commissioner (Handicrafts) in case the account is covered under credit
guarantee scheme of Credit Guarantee Fund Trust for Small Industries & the artisans are identified
by the office of the D.C. (Handicrafts).
iv. Cost of photo to be affixed on the credit card will be borne by the Bank.





SCHEME FOR BEAUTY PARLOUR



FACILITY

Cash credit: for working capital requirement
Term loan: for fixed assets

PURPOSE

For purchase of equipment, repair, renovation, interior decoration, furniture & fixtures, computers,
electrical installations, AC, coolers, etc. and for working capital.

ELIGIBILITY

Beauticians having minimum 2 years of proven experience or having degree/diploma from a
Polytechnic / reputed beauty institute / organization. The judgment regarding the competence of the
applicant shall be vested exclusively with the Branch Manager. The constitution of the applicant
can be individuals and partnerships / joint ventures of such professionals.

QUANTUM OF LOAN

Composite requirement (TL+WC limits) shall not exceed Rs.20 lacs.

DETERMINATION OF WORKING CAPITAL LIMIT

20% of projected annual turnover or anticipated requirement using the traditional method for
assessment of limits whichever is higher

MARGIN

Limits up to and inclusive of Rs.25000: No margin
Limits exceeding Rs.25000: 15-25 %

STOCK STATEMENT

Cash Credit limit up to Rs. 25000: Quarterly
Cash Credit limit exceeding Rs.25000: Monthly




REPAYMENT:

Repayment programme of loan amount sanctioned should be 3 to 5 years.

SECURITY

(A) Credit limits upto inclusive of Rs. 25000/-
Pledge /hypothecation / mortgage of assets created out of bank loan.

(B) Credit limits exceeding Rs. 25000/-
i) Pledge/hypothecation/mortgage of assets created out of bank loan.
ii) For loan /limit beyond Rs. 1 lac, collateral security can be obtained.

RATE OF INTEREST

As applicable for SBF advances. For lending to women as defined, a concession of 0.5% (below the
regular rate) will be allowed.

INSURANCE

Insurance cover will be obtained for limits/loans over Rs. 10000/-


SBBJ TOURISM PLUS


NATURE OF FACILITY

Fund based - Cash Credit (Hypothecation) for working capital
Term Loan
-Non fund based - LC/BG

PURPOSE

Finance provided to all activities, which help in giving a fillip to tourism.

Construction/Renovation/ Modernization/Expansion of hotels, rest houses, Yatri Niwas.
Establishment of handicraft/curios and other shops.
Construction of office premises, purchase of office equipment and computers by travel agents/
tour operators.
Purchase of vehicles (Luxury buses, Coaches, Cars, Vans) at tourist sites.
Purchase of elephants, horses and mules for tourism.
Purchase of ships for carrying tourists at coastal areas.

Setting up of restaurants/ coffee houses/ ice-cream parlours/ fast food centres, amusement
parks/rope ways, health clubs/ spas, etc.

ELIGIBILITY

- Individual (proprietorship), Partnership Firm, Limited Company, Trust.

QUANTUM OF LOAN-

No minimum & maximum limit.

MARGIN - 20% (40% in case of old equipments and vehicles)


SECURITY

Primary Security - Hypothecation of assets purchased out of Bank's loan.
Collateral Security - Tangible collateral in the form of immovable property, TDRs, NSCs, KVPs,
LIC policy etc. may be obtained at least equivalent to 50% of the total loan amount, for loans above
Rs. 2.00 lac.

RATE OF INTEREST

As per rates applicable from time to time for SBF & C&I segments.


.
REPAYMENT
- 3 to 7 years including moratorium period not exceeding 18 months.

OTHER TERMS & CONDITIONS

i) Wherever license is required from the local authorities, it has to be mandatorily
obtained by the borrower before availing the loan.
ii) In case of vehicles, minimum DSCR 1.5 and other terms relating to SRTO would be applicable.
iii)Maintenance of Current A/c where sales proceeds need to be deposited.
iv)Second hand equipment/vehicle can also be considered provided equipment/ machinery has
residual life to cover the amortization period of term loan and is less than 5 years old. Approved
valuers assessment needs to be taken. Apart from valuation, functional-efficiency of the equipment
and useful life is to be certified. Margin for loan for purchase of second hand equipments would be
40%
v)Takeover of advances from other FI /Bank on selective basis is also permitted provided approval
is obtained from controlling authority (not lower than AGM) and subject to compliance of takeover
norms.
vi)Wherever subsidy is available, it will be taken as part of promoter's stake. Branch should get
proceeds as account payee cheque in favour of beneficiary firm and to be credited to loan account
only.

vii) Permit/Sales Tax No./Registration under Shops and Establishment Act, wherever required to be
obtained.
viii) Applicant should be trained or skilled in the field.

INSURANCE

100% OF LOAN AMOUNT to be covered


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SCHEME FOR SBBJ SHOPPE/SUPER SHOPPE

FACILITY

TERM LOAN

PURPOSE

For purchase of new / old shops / establishment / offices.
Modernisation and renovation of shops/ establishments/offices./face lifting of shops
Expansion / addition / alteration to shops.
Building for Training Centre, service Centres
Repairs Centre / Garage.
Building for Consultant / Chartered Accountants.
All furniture / fixtures / /electrical fittings and other accessories required for the showroom
/offices / shops.
Dealers showroom/Dealer's showroom under tie up arrangement with the reputed industries (viz.
Bajaj, Hindustan lever Mahindra etc.
Construction of shop, Office and establishment for their own use.

ELIGIBILITY

Individuals / Firms / Partnership / Trust / Franchises.

Take over from other banks is permitted subject to observance of take over norms laid down by the
Bank.

Super Shoppe scheme is available for financing shops at Urban/ Metropolitan cities.

QUANTUM OF LOAN

Rs.20 lac (Maximum) under Micro and Small Enterprises (SSI (Now MSE) & SBF)

Rs. 200 lacs (Maximum) under C&I (ME)

MARGIN -

For SIB segment 25% (in respect of purchase of old property margin will be charged as 40%).
For C&I segment
35% (in respect of purchase of old property margin will be charged as 50%)

DSCR - Minimum 1.75.

SECURITY
(i). Primary Security - Hypothecation / pledge / mortgage / assignment of property purchased out of
Bank's finances including non-industrial assets.
(ii). In case of leased property:- Mortgage / assignment of leased hold property will be obtained,
NOC from the lessor be invariably obtained. But in any case repayment period has to be within the
lease tenure. Loan period needs to be lower than the remaining lease period.

RATE OF INTEREST
As applicable from time to time under SIB & C&I segment.

REPAYMENT
- 3 to 7 years excluding moratorium period of 6 months.

OTHER TERMS & CONDITIONS

i. Viability to be ascertained.
ii. Opening Current / SB A/c. is compulsory.
iii. Clearance from local Govt. authorities.
iv. Legal opinion on property
v. Certificate from CA wherever required regarding completion of project.
vi Approved map/Plan, estimates and necessary permission from the concerned authorities.

UPFRONT FEES
1.25% of the loan amount.

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STAND-BY LINE OF CREDIT (SLC) FOR
WORKING CAPITAL REQUIREMENTS OF SMEs


ELIGIBILITY

Borrowers rated SBBJ -3 and above.

QUANTUM OF FINANCE

15% of the working capital facilities (Fund Based +Non-Fund Based) Maximum Rs.5.00 crores.

SANCTION OF THE LIMIT AND ASSESSMENT

Sanction of SLC is made on request for all eligible borrowers along with sanction of regular fund
based/ non-fund based working capital finance by an authority having financial powers to sanction
the aggregate of the regular credit limits and the SLC. No separate assessment / special justification
is required for SLC.

RELEASE OF THE LIMIT

The release of SLC is to be approved by the head of the branch.
SLC may be made available on the specific request of the borrower as stock limit, bills / receivable
limit, letters of credit, bank guarantees limit for domestic operations / exports, depending on the
need, after being satisfied about the requirement.
Fund based SLC should invariably be covered by eligible drawing power.

In case of SSI (Now MSE) units, SLC is not to be released where the unit has utilized SME
Smart Score facility or already availed special contingency loan facility.

PERIOD
For a maximum period of 2 months at any one instance. No restriction on No. of occasions SLC
may be made available in a calendar year.

OTHERS

Upfront fee: 1%, No commitment charge.

CAR LOAN TO SME UNITS
Purpose

To provide term loan to the promoters/partner of the SME units * having borrowing arrangements
with the bank or their family members either in their own name or in the units name for purchase
of new / old cars, jeeps etc. on attractive terms and conditions which are as under :-

Eligibility
Based on assessed annual income of Rs.75,000/- and above.
i. Loan Amount No Ceiling for new vehicles.
ii. Rs.15.00 lac for used vehicle.

Margin
For loan upto Rs. 6 lacs 15%
For loans above Rs. 6 lacs 30%

Collateral
No Collateral security required.

Appraisal
Simple, based on 2.5 times of assessed net annual income. Income of spouse can be added provided
the spouse guarantees the loan.

Processing charges
Waived.

Other benefits
i. Sanction by the concerned authority without clubbing with other facilities provided to the unit.
ii. No charge for issuing Demand Draft/ Bankers Cheque for making payment to the Dealer.

* For the purpose of this Scheme SME units mean all units covered under SSI &
MEsegments and all non- corporate Trade and Service sector units irrespective of segment.

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SME SARAL LAN SCHEME

Purpose

Providing hassle free finance to SME borrowers for their multiple requirements including working
capital / capital expansion and other business requirements .

Type of Loan

Overdraft : For Working Capital requirements.
Term Loan : For other requirements.

Eligibility
a) Small & Medium Enterprises.
b) Retail & Wholesale Traders.
c) Professional and Self employed.
d) Transport Operators.

Quantum of Finance
Minimum - Rs.1.00 lac
Maximum - Rs. 200.00 lacs

Computation of quantum of finance
(a) For Small & Medium Enterprises, Retail & Wholesale Traders & Transport Operators :- 75% of
realizable value of collateral security by way of Equitable Mortgage.
(b) For Professional & Self Employed : 75% of realizable value of collateral security by way of
Equitable Mortgage.

OR

4 times of net annual income as per Income Tax return.

Security

Primary:
i) Hypothecation of stocks and receivables.
ii) Assets created out of Bank finance in case of Term Loan.

Collateral:
i) Equitable Mortgage of land & building. (*)
ii) Personal guarantee of All the Directors of the Company / Partners of the Firm / Karta & Major
Co-parcners of HUF, depending on the type of borrower.
iii) Personal guarantee of owner of the immoveable property to be mortgaged in case the property is
in the name of third party.

Submission of Financial Statement/ Review
Review of the account will be on an annual basis. For review, financial statements will be examined
in particular reference to the level of activity, cash accruals and credit summations in the account so
as to satisfy the sanctioning authority on the general financial position of the borrower including
their repaying capacity. Submission of financial statement will be stipulated as under:-
i) No audited balance sheet required for turnover upto Rs.40 lac in case of firms.
ii) In case of company, audited balance sheet will be obtained irrespective of turnover.

DSCR
Term Loan : Minimum 1.75 (Gross)
OD limit : It should be ensured that cash accruals of the unit are sufficient to service periodical
interest to be levied in the account. However, DSCR will be only indicative factor and not the
guiding factor as to determine the eligibility of the borrower under the said scheme. Sanctioning
authority can permit deviations on selective basis after satisfying themselves on account of
repayment capacity.

Repayment
Maximum 84 months including gestation period.
SBBJ TRANSPORT OPERATORS SCHEME

Purpose

Purchase of commercial vehicles by road transport operators for movements of goods
or passengers.
Applicant should be able to run the business and having experience in this line of
activity.
Having valid route permit, wherever necessary.
For loans exceeding Rs. 10.00 lacs, borrower and/or guarantor should possess some
immovable property in their names having adequate value.
Eligibility

In the case of second hand vehicle, it should not be old for more than 3 years and
balance of its useful life should be more than sufficient to cover the repayment period
of loan.
Margin For New vehicles :
15% on invoice value cost of body, insurance for current year and registration
charges.
For Second Hand vehicles
30% in the case of second hand vehicle.
Repayment 3 to 7 years
Interest

Interest rates as applicable to the SBF loans. Concession in rate of interest will be
based on marks scored by the borrower. The marks will be arrived at based on details
of personal, business and collateral parameters of the borrower as prescribed under the
SME Smart Score model (As per annexure). The concession will be as per following
table :-

Period Score (60-80) Score (81 & above)
Upto 3 years 0.50% below normal applicable
rate
1% below normal applicable
rate
Above 3 years 0.25% below normal applicable
rate
0.75% below normal
applicable rate
Security

Primary - Hypothecation of vehicle purchased from Bank finance.
Collateral
a) Exposure not exceeding Rs.10.00 Lacs:
Nil. The advance will be covered under credit guarantee scheme of CGTMSE.
(b) Exposure exceeding Rs. 10.00 lacs:
(i) The advance will be covered under credit guarantee scheme of CGTMSE .
OR
(ii) Equitable mortgage / Registered mortgage of immovable property to cover at
least 50% of the loan amount.
OR
(iii) Tangible collateral in the form of Bank's own deposits, NSCs, KVPs at least
50% of the loan amount.
OR
(iv) Third party guarantees having adequate worth and equitable mortgage of
immovable property of at least 50% of the loan amount in the name of guarantor.


Incentive


Borrowers, who repay all installments on due date and there is no premature closure,
will be entitled for incentive @ 0.5% of loan amount and will be credited to the
borrower's A/c as refund of interest at the time of closure of the loan account.

SBBJ SME CONNECT SCHEME *


PURPOSE:

Term Loan for funding requirements of Plant and Machineries / Equipments / Tools / Gen Sets
and construction of factory building, educational institutions, hospitals and hotels etc. and for
funding working capital requirements against Current Assets.


ELIGIBILITY:

1. All existing accounts satisfactorily conducted and eligible for taking further exposure will be
eligible for new term loan.

2. The existing term loan borrowers, who have not availed working capital facility during last one
year, will be eligible for working capital facility under the scheme.

3. Take over from other Banks and potential borrowers, who have not availed any credit facility
from our bank during last one year, will be eligible for existing as well as new term loans and
working capital exposure. Other banks customers will be taken over subject to take over norms.

4. Existing borrowers who have availed loan under the SME Connect Loan Scheme may also take
new term loans in SME Connect loan scheme at concessional rate of interest for one year/ upfront
fees. The enhancement in working capital will not be permitted under the SME Connect Loan
scheme and entire working capital will attract normal applicable rate of interest.

NATURE OF FACILITY:

Working Capital (Cash credit)/ Term Loan

CRA RATING:

1. In case of new units- SBBJ -9 or better, and
2. In case of take over - SBBJ -7 or better

LOAN AMOUNT:

Minimum Rs. 25.00 lacs subject to Maximum of Rs. 15.00 crore (excluding existing exposure other
than the proposed loan under the scheme i.e. existing exposure and loan proposed under the SBBJ -
SME Connect product may exceed Rs. 15.00 Crore). Total exposure under the scheme i.e. term loan
and working capital should be clubbed for the purpose.

MARGIN:

Minimum margin 20 to 25 %. Sanctioning authority may prescribe higher margin in case of book
debts and construction of factory.

SECURITY:
Primary

First charge over entire current and fixed assets of the borrower.

Collateral Security:
In case of loan exceeding Rs. 1 crore: Collateral security as applicable to SME loans looking to
loan amount and the credit risk category (CRA rating) of the borrower.
In case of loan up to Rs. 1 crore, coverage under Credit Guarantee Scheme of CGTMSE or
adequate collateral security as applicable to SME loans looking to loan amount and the credit risk
category (CRA rating) of the borrower.
In case of loan eligible for SME Saral Loan Scheme the criteria of collateral security (Mortgage),
will be as per SME Saral Loan Scheme i.e. minimum 133% of loan amount.

RATE OF INTEREST
11.75 % per annum for first one year and there after normal rates as applicable from time to time
as per credit rating and credit limit of the borrower.

Conditions apply.
SBBJ- SME MARBLE PLUS SCHEME

Purpose To provide hassle free finance to the Marble, Felspar, Quartz and other Stone Units
for financing their multiple requirements including normal working capital / capital
expansion (capex) requirements / other requirements related to their business
activity.
Type of
Facility
Term Loan, Cash Credit, LC & BG
Eligibility SME units engaged in Marble and other stone activity such as manufacturing,
processing, carving, polishing and also trading. Existing and new units, Take over.
Loan
Amount
Maximum Fund Base Credit facilities ( CC & TL) upto Rs. 5 Crore. The trading
units will be permitted upto the exposure of Rs.20.00 Lacs. In addition to this, need
based Non Fund credit facility may also be extended. Term Loan based on project
cost.
Maximum
Repayment
Period
For Term Loans : 84 months
Security (A) Primary Security:
(i) For working capital: Hypothecation. / Pledge of stocks, book debts and other
current Assets.(ii) For term loan: Charge by way of hypothecation. / Pledge /
Mortgage of entire assets created out of bank finance.
(B) Collateral (for working capital as well as term loan) (i) Equitable mortgage of
property / charge on tangible security belonging to borrower / guarantor.(ii) Personal
guarantee of partners / promoters/owner of the property.
Rate of
Interest
(i) For Micro and Small Enterprises 3.00% above Base Rate
(ii) For Medium Enterprises 3.50% above Base Rate

Margin (a) Term loan: 20%
(b) Working Capital: Stocks-52%, Book debts-50%, LC/BG-25%



The scheme is available at all the branches of the Bank.