एमएसएमई एलएपी – उत्पाद की विशेषताएं और दिशानिर्देश

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MSME LAP
S.No	Particulars	Guidelines
1.	Target Group	All Micro, Small & Medium Enterprises (MSME) as per extant definition of Government of India with Udyam Registration Certificate.
2.	Eligibility	The constitution of Borrower can be Individuals, Proprietorship firm, Partnership firm, LLP, Pvt Ltd. Companies, Ltd Companies, Societies, Trust etc. HUF is not permitted. Entry Level Age / Exit Level Age of the owner/s of the immovable property offered as security Minimum Entry level Age: 18 years Maximum Exit Level Age: 70 years New units can also be considered based on realistic projections. ZLCC can relax upto 75 years & FGMCAC can relax upto 80 years
3.	Purpose	Any Bonafide business purposes viz., Business expansion, Improvements / Extension. Purchase of Machineries / Fixed / Movable / Immovable Assets Purchase / Acquisition / Construction / Renovation / Built up / Under Construction of property for Business Purposes.
4.	Facility	4.1. Term Loan 4.2 Overdraft: Dropline OD Facility.
5.	Loan Amount	Minimum Loan Amount: Above Rs.10.00 Lakhs Maximum Loan Amount: Rs.25.00 Crores
6.	LTV	LTV of 60% shall be ensured throughout the repayment. In case of relaxation in margin cases, LTV of 70% to be ensured.
7.	Assessment	Assessment based on security value of EM property (RSV) after deducting stipulated margin and compliance to DSCR and other applicable benchmark ratios.
8.	Security	Primary Security: Immovable property proposed to be mortgaged.
9.	Repayment Terms	Term Loan : Door to Door : Maximum 120 Months
10.	Rate of Interest	ROI ranging from 8.15% to 8.75%